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Jersey Electricity (JEL)

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Monday 18 December, 2000

Jersey Electricity

Final Results

Jersey Electricity Company Limited
18 December 2000



                    THE JERSEY ELECTRICITY COMPANY LIMITED

                  Preliminary Announcement of Annual Results

                     for the year ended 30 September 2000

At a meeting of the Board of Directors held on 18 December 2000, the final
accounts for the Group for the period ended 30 September 2000 were approved,
details of which, together with comparative figures for 1999, are given in the
following table.

A final dividend of thirty eight pence less income tax on the Ordinary and 'A'
Ordinary shares in respect of the period ended 30 September 2000 was
recommended which, together with the interim dividend of thirty two pence,
makes a total dividend of seventy pence for the period (1999 64 pence) on each
£1 share.

The dividend will be paid on 30 March 2001 to those shareholders registered in
the books of the company on 02 March 2001. A participating dividend on the 5%
cumulative participating preference shares of 11/2% (1999 11/2%) payable on
the 02 July 2001 was also recommended.

The Annual General Meeting of the company will be held on 12 March 2001.


P.J. ROUTIER

COMPANY SECRETARY

Direct Tel No: 01534 505253

Direct Fax No: 01534 505553

email: proutier@jec.co.uk


18 December 2000



      The Powerhouse, PO Box 45, Queens Road, St Helier, Jersey JE4 8NY



                                                                          Page 2
Summary of Financial
Results
                                 Period 1 October 1999     Period 1 October 1998
                                 to 30 September 2000      to 30 September 1999
                                              £000's             £000's
Turnover                                      54,566             50,767
Net Profit before Taxation                     3,905              6,657
Income Tax                                       175                901
Net Profit after Taxation                      3,730              5,756
Earnings per Share                             £2.43              £3.76

                                                2000               1999
                                           Absorbing          Absorbing
                                                £                  £
Ordinary & A Ordinary
Shares
Interim Dividend Paid        32p             392,192   29p      355,424
Proposed Final Dividend      38p             465,728   35p      428,960
                             70p             857,920   64p      784,384
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                               866,893            793,357