Southern might buy power plants from generators
Friday 05 June 1998
The chance for Southern to turn itself into a small but significant vertically integrated company comes after speculation the Government will demand the power generators dispose of 20 per cent of their plant.
Jim Forbes, chief executive, said Southern would not rule out buying other electricity suppliers, generators or water companies but insisted the company could prosper on its own.
A share buyback scheme is also still possible although this is unlikely before July next year.
Southern unveiled full-year pre-tax profits at pounds 248.7m, down from pounds 255.5m, but above analysts' expectations.
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