Edition:
United Kingdom

SSE PLC (SSE.L)

SSE.L on London Stock Exchange

1,107.00GBp
16 Aug 2019
Change (% chg)

3.00 (+0.27%)
Prev Close
1,104.00
Open
1,118.00
Day's High
1,122.50
Day's Low
1,105.00
Volume
2,647,114
Avg. Vol
3,391,707
52-wk High
1,287.00
52-wk Low
997.80

Latest Key Developments (Source: Significant Developments)

UK's Ofgem Says Energy Caps To Fall By 75 Stg Due To Lower Wholesale Costs
Wednesday, 7 Aug 2019 

Aug 7 (Reuters) - UK'S OFGEM::UK'S OFGEM - ENERGY CAPS TO FALL THIS WINTER DUE TO LOWER WHOLESALE COSTS.UK'S OFGEM - LEVEL OF DEFAULT PRICE CAP, WHICH PROTECTS AROUND 11 MILLION DEFAULT TARIFF CUSTOMERS, TO FALL THIS WINTER BY £75.UK'S OFGEM - DEFAULT PRICE CAP IS SET TO FALL FROM £1,254 TO £1,179 FROM 1 OCTOBER FOR THIS WINTER PERIOD (OCTOBER-MARCH).UK'S OFGEM - ENERGY BILLS WILL FALL THIS WINTER FOR AROUND 15 MILLION HOUSEHOLDS WHO ARE PROTECTED BY THE PRICE CAPS.UK'S OFGEM - COMBINATION OF LOW DEMAND DURING WINTER, STRONG GAS SUPPLY, RELATIVELY HEALTHY STORAGE LEVELS HAVE PUSHED DOWN WHOLESALE PRICES.UK'S OFGEM - LEVEL OF PRE-PAYMENT METER CAP FALLS BY £25 FOR AROUND 4 MILLION CUSTOMERS AFTER METHODOLOGY IS BROUGHT INTO LINE WITH THE DEFAULT PRICE CAP.UK'S OFGEM - WHOLESALE ENERGY COST ELEMENT OF DEFAULT TARIFF CAP FELL BY £75 TO £446 WHILE OTHER COSTS, SUCH AS VAT & SUPPLIER PROFITS, FELL SLIGHTLY.  Full Article

SSE Proposes Closure Of Fiddler's Ferry Coal Station
Thursday, 13 Jun 2019 

June 13 (Reuters) - SSE PLC ::SSE PLC - PROPOSED CLOSURE OF FIDDLER'S FERRY COAL STATION.SSE PLC - PROPOSES TO CLOSE REMAINING OPERATIONAL CAPACITY AT WARRINGTON, CHESHIRE.SSE PLC - NOW COMMENCING CONSULTATION WITH EMPLOYEES AND TRADE UNIONS WITH A VIEW TO CLOSING FIDDLER'S FERRY COAL STATION BY 31 MARCH 2020.SSE PLC - SSE WILL ALSO OFFER EMPLOYEES VOLUNTARY REDUNDANCY ON ENHANCED TERMS AND WILL SEEK TO AVOID COMPULSORY REDUNDANCIES.SSE PLC - HOPED THAT SOME EMPLOYEES WILL BE REDEPLOYED ELSEWHERE IN SSE GROUP.SSE - HOPES SOME EMPLOYEES AT FIDDLER'S FERRY WILL BE REDEPLOYED ELSEWHERE IN CO; SOME WILL HAVE CONTINUING ROLE IN MANAGING DECOMMISSIONING OF PLAN.SSE PLC - FINANCIALLY, FIDDLER'S FERRY, IS LOSS-MAKING AND LOSSES ARE UNSUSTAINABLE BEYOND END OF CURRENT FINANCIAL YEAR.  Full Article

SSEN Responds to Ofgem’S Riio-2 Sector Specific Methodology Decision
Friday, 24 May 2019 

May 24 (Reuters) - SSEN::SSEN STATEMENT ON OFGEM’S RIIO-2 SECTOR SPECIFIC METHODOLOGY DECISION.REMAINS "VERY DISAPPOINTED" WITH THE PROPOSED COST OF EQUITY RANGE.RETAINS CONCERN OFGEM'S PROPOSED FRAMEWORK FAILS TO FULLY BALANCE STAKEHOLDER, CONSUMER NEEDS WITH NEED TO PROVIDE INVESTOR CONFIDENCE.IS CURRENTLY PREPARING TO SUBMIT ITS FIRST DRAFT BUSINESS PLAN FOR THE NEXT TRANSMISSION PRICE CONTROL.  Full Article

SSE To Repurchase Its Ordinary Shares For Cancellation Up To Value Of £100 Mln
Wednesday, 22 May 2019 

May 22 (Reuters) - SSE PLC ::NON-DISCRETIONARY SHARE BUYBACK PROGRAMME.TO REPURCHASE ITS ORDINARY SHARES FOR CANCELLATION UP TO VALUE OF £100 MILLION.THESE ARRANGEMENTS FORM PART OF COMPANY'S CAPITAL RETURN PROGRAMME ANNOUNCED ON 1 FEBRUARY 2019..ANY SHARE PURCHASES UNDER PROGRAMME WILL BE EFFECTED WITHIN CERTAIN PRE-SET PARAMETERS.TO REPURCHASE SHARES FOR CANCELLATION UP TO VALUE OF £100 MILLION BETWEEN 22 MAY 2019 AND 22 AUGUST 2019.  Full Article

SSE Announces Voluntary Redundancy In Some Customer Service, Metering Teams
Wednesday, 8 May 2019 

May 8 (Reuters) - SSE PLC ::ARE FACING CHALLENGES DUE TO COMPETITION INCREASING, THE INTRODUCTION OF THE ENERGY PRICE CAP AND HIGHER OPERATING COSTS.ANNOUNCED VOLUNTARY ENHANCED REDUNDANCY OPPORTUNITIES FOR SOME OF ITS CUSTOMER SERVICE AND METERING TEAMS.  Full Article

SSE Sparks Merger Talks Over £1 Bln Retail Arm - Sky News
Saturday, 27 Apr 2019 

April 27 (Reuters) - :SSE SPARKS MERGER TALKS OVER £1 BILLION RETAIL ARM - SKY NEWS.SSE HAS APPROACHED COMPANIES INCLUDING TALKTALK ABOUT A DEAL TO OFFLOAD ITS HOUSEHOLD SUPPLY ARM - SKY NEWS.  Full Article

Greencoat Renewables Buys Further Stake In Cloosh Valley From SSE
Thursday, 28 Mar 2019 

March 28 (Reuters) - Greencoat Renewables PLC ::ACQUISITION OF FURTHER STAKE IN CLOOSH VALLEY.ACQUISITION OF A 25% STAKE IN CLOOSH VALLEY WIND FARM FROM SSE FOR A TOTAL CONSIDERATION OF EUR 34.5MILLION.NET GENERATING CAPACITY INCREASED TO 411MW.IN ADDITION, DEAL INCLUDES EUR 41.7M OF PROJECT FINANCE DEBT ATTRIBUTABLE TO SHAREHOLDING ACQUIRED.GREENCOAT RENEWABLES ACQUIRES ADDITIONAL 27MW OF CAPACITY AT CLOOSH VALLEY WIND FARM FROM SSE.  Full Article

SSEN Issues Statement On Western Isles And Shetland Needs Case Consultations
Tuesday, 19 Mar 2019 

March 19 (Reuters) - SSE PLC ::SSEN STATEMENT ON WESTERN ISLES AND SHETLAND NEEDS CASE CONSULTATIONS.SSE PLC - WELCOMES OFGEM’S DECISION TO PROVISIONALLY APPROVE PROPOSED 600MW SHETLAND TRANSMISSION LINK.SSEN - CALLING ON OFGEM TO RECONSIDER PROVISIONAL DECISION TO REJECT SSEN’S NEEDS CASE FOR 600MW LINK IN FAVOUR OF 450MW CONNECTION IN WESTERN ISLES.  Full Article

Smart Metering Systems Signs Agreement With SSE Energy Supply Ltd
Monday, 18 Mar 2019 

March 18 (Reuters) - Smart Metering Systems PLC ::NEW INDUSTRIAL AND COMMERCIAL SMART METER CONTRACT WIN - SSE ENERGY SUPPLY LIMITED.  Full Article

SSE Sells SSE Water To Leep Nav Networks
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - SSE PLC ::SSE PLC - SALE OF SSE WATER TO LEEP NAV NETWORKS.SSE PLC - SSE WATER TRANSACTION IS EXPECTED TO COMPLETE BY THE END OF MARCH 2019 WITH NO MATERIAL LOSS OF EARNINGS OR GAIN ON SALE.SSE PLC - SSE WATER MANAGEMENT TEAM WILL TRANSFER ON SALE AND CONTINUE TO OPERATE THE BUSINESS SO THERE WILL BE NO IMPACT ON CUSTOMERS.  Full Article

Deals of the day-Mergers and acquisitions

Aug 12 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: