Products Gas and Electricity Headquarters Perth, United Kingdom Successor SSE plc | Fate Acquired Website www.hydro.co.uk Founded 1989 Parent organization SSE plc | |
CEO Alistair Phillips-Davies (1 Jul 2013–) | ||
Scottish hydro electric scheme 1947
Scottish Hydro plc (Scottish company number SC117119) was a public electricity supplier formed on 1 August 1989 after a change of name from North of Scotland Electricity plc on that date. It was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index but merged with Southern Electric in 1998.
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History
The company was originally formed on 1 April 1989 to acquire the assets of North of Scotland Hydro-Electric Board ahead of electricity privatisation in the United Kingdom under the name North of Scotland Electricity plc. The company was floated on the London Stock Exchange in June 1991. The company then merged with the English public electricity supplier Southern Electric plc to become Scottish and Southern Energy plc on the 14 December 1998.
Operations
The Scottish Hydro name is now used as a brand name by SSE plc for supplying gas and electricity in Scotland and by Scottish Hydro-Electric Power Distribution Ltd the Distribution Network Operator in the north of Scotland. The power consumption of the north is largely handled by Scottish Hydro.