Final Results - Year Ended 30 September 1999

Jersey Electricity Company Limited
20 December 1999


AT A MEETING OF THE BOARD OF DIRECTORS OF THIS COMPANY HELD ON 20TH DECEMBER
1999, A FINAL DIVIDEND OF THIRTY FIVE PENCE LESS INCOME TAX ON THE ORDINARY
AND 'A' ORDINARY SHARES IN RESPECT OF THE PERIOD ENDED 30TH SEPTEMBER 1999 WAS
RECOMMENDED WHICH, TOGETHER WITH THE INTERIM DIVIDEND OF TWENTY NINE PENCE MAKES
A TOTAL DIVIDEND OF SIXTY FOUR PENCE FOR THE PERIOD (1998 57 PENCE) ON EACH £1
SHARE.

THE DIVIDEND WILL BE PAID ON 31ST MARCH 2000 TO THOSE SHAREHOLDERS REGISTERED
IN THE BOOKS OF THE COMPANY ON 25TH FEBRUARY 2000. A PARTICIPATING DIVIDEND ON
THE 5% CUMULATIVE PARTICIPATING PREFERENCE SHARES OF 1 1/2% (1998 1 1/2%)
PAYABLE ON THE 30TH JUNE 2000 WAS ALSO RECOMMENDED.

PARTICULARS OF THE NET REVENUE, TAXATION, DIVIDENDS ETC. PREPARED IN ACCORDANCE
WITH THE HISTORICAL COST CONVENTION FOR THE PERIOD ENDED 30TH SEPTEMBER 1999
WITH COMPARATIVE FIGURES FOR 1998 ARE GIVEN IN THE FOLLOWING TABLE.

THE ANNUAL GENERAL MEETING OF THE COMPANY WILL BE HELD ON 6TH MARCH 2000.

P.J. ROUTIER
COMPANY SECRETARY


JERSEY ELECTRICITY COMPANY LIMITED

Summary of Financial Results

                             Period 1 October 1998   Period 29 September 1997
                             to 30 September 1999    to 30 September 1998
                               
                                   £000's                    £000's

Turnover                           50,767                    49,761

Net Profit before Taxation          6,657                     6,224

Income Tax                            901                     1,247

Net Profit after Taxation           5,756                     4,977

Earnings per Share                  £3.76                     £3.25

                             
                                   1999                       1998
                                Absorbing                  Absorbing

Ordinary & A Ordinary Shares

Interim Dividend Paid     29p,    355,424              23p  281,888
Proposed Final Dividend   35p     428,960              34p  416,704

                          64p     784.384              57p  698,592

5% Participating Shares

Dividend Paid             5p        4.000               5p    4,000
Proposed                1.5p        1,200             1.5p    1,200

                        6.5p        5,200             6.5p    5,200

3.5% Preference Shares

Dividend Paid           3.5p        3,773             3.5p    3.773

TOTAL ABSORBED                    793,357                   707,565