He added the firm was "committed to achieving business success in a responsible way", hence its freeze on gas and electricity prices until
"By that time our prices won't have gone up for more than two years - the longest ever unconditional price freeze since privatisation," he said. "It puts us in a good position to work constructively with politicians of all parties and competition authorities."
Its profits were "put to good use for the customers and communities it serves", and its plans to create a "simplified streamlined business" demonstrated its commitment to energy market reforms.
But he went on: "Foremost among our objectives is annual dividend growth that at least keeps pace with inflation, that is what we are working towards for shareholders."
Last January consumer groups seized on SSE's 3 per cent rise in the dividend two months after it increased prices by 8.2 per cent.
But he added: "More needs to be done to find a fairer way of paying for social and environmental schemes."
In response to questions,
He said: "We are very happy to build new gas plants but we must get returns....Spending hundreds of millions of pounds on assets that aren't needed is something we have to be careful about given our current commitment to consumer prices."
Asked by shareholder
"Our record has been the best in the industry...we were the first company to end doorstep selling, the first to end cold-calling of people and we are the only major utility and the largest in the
SSE said in March that 500 jobs would go in a voluntary redundancy programme to save pound(s)100m a year.
He told shareholder
Institutional shareholders including the