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United Kingdom

SSE PLC (SSE.L)

SSE.L on London Stock Exchange

1,124.00GBp
23 Aug 2019
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Latest Key Developments (Source: Significant Developments)

SSE PLC says on discussions relating to possible sale of SSE Energy Services
Monday, 12 Aug 2019 

Aug 12 (Reuters) - SSE PLC ::STATEMENT ON SSE ENERGY SERVICES.ACTIVELY PROGRESSING A NUMBER OF OPTIONS FOR FUTURE OF SSE ENERGY SERVICES.CONFIRMS IT IS IN DISCUSSIONS WITH OVO GROUP OVER POSSIBLE SALE OF SSE ENERGY SERVICES BUSINESS.NO FINAL DECISIONS HAVE BEEN TAKEN AND NO AGREEMENTS REGARDING TERMS OF ANY TRANSACTION HAVE BEEN ENTERED INTO.  Full Article

UK's Ofgem Consults On Network Funding Requests
Friday, 2 Aug 2019 

Aug 2 (Reuters) - SSE PLC ::OFGEM SSE PLC SCOTTISH PWR.UK PLC - OFGEM CONSULTS ON NETWORK FUNDING REQUESTS.OFGEM - NETWORK COMPANIES HAVE SUBMITTED 12 FUNDING REQUESTS WITH A TOTAL VALUE OF £322 MILLION.OFGEM - IS CONSULTING ON ITS PROPOSAL TO ALLOW NETWORK COMPANIES TO RECOVER APPROXIMATELY £75 MILLION.OFGEM - PROPOSES TO ALLOW ADDITIONAL £16 MILLION IN FUNDING TO SSEN FOR DIVERSIONS REQUIRED TO FACILITATE ELECTRIFICATION OF GREAT WESTERN RAILWAY LINE.OFGEM - PROPOSE NOT TO ACCEPT A £42 MILLION REQUEST FROM SPEN FOR WORK TO INCREASE NETWORK CAPACITY IN ANTICIPATION OF ELECTRIC VEHICLE UPTAKE.  Full Article

Capital Group Companies Cuts Stake To 4.7% From 9.9% In SSE - Filing
Monday, 22 Jul 2019 

July 22 (Reuters) - SSE PLC ::CAPITAL GROUP COMPANIES CUTS STAKE TO 4.7% FROM 9.9% IN SSE PLC - FILING.  Full Article

SSE Enterprise Secures Government Funding For £5.2M Pilot Scheme
Friday, 19 Jul 2019 

July 19 (Reuters) - SSE PLC ::SSE ENTERPRISE - SECURED GOVERNMENT FUNDING FOR £5.2M PILOT SCHEME HELPING HOMEOWNERS WITHOUT OFF-ROAD PARKING CHARGE THEIR ELECTRIC VEHICLES.  Full Article

SSE Affirms FY View, To Close Fiddler's Ferry Station By March 2020
Thursday, 18 Jul 2019 

July 18 (Reuters) - SSE PLC ::TRADING STATEMENT.SSE'S OUTLOOK FOR FINANCIAL YEAR 2019/20 REMAINS UNCHANGED FROM OUTLOOK GIVEN IN MAY 2019.LOWER THAN FORECAST RENEWABLE ENERGY OUTPUT IN FIRST THREE MONTHS.RE-ITERATES SSE'S INTENTION TO RECOMMEND A FULL-YEAR DIVIDEND OF 80 PENCE PER SHARE FOR 2019/20.EARLY MONTHS OF OUR FINANCIAL YEAR HAVE BROUGHT SOME SHORT-TERM CHALLENGES AND SOME ENCOURAGING LONGER-TERM DEVELOPMENTS- CEO.OUTLOOK FOR ADJUSTED FY OPERATING PROFIT INCLUDES SUSPENDED CAPACITY MARKET PAYMENTS TOTALLING £148M.GROUP ADJUSTED NET FINANCE COSTS AND GROUP CAPITAL AND INVESTMENT EXPENDITURE IN 2019/20 CONTINUE TO BE IN LINE WITH THAT SET OUT IN MAY.IN JUNE SSE ANNOUNCED PROPOSALS TO CLOSE REMAINING OPERATIONAL CAPACITY OF 1,510MW AT FIDDLER'S FERRY.NOW IN CONSULTATION WITH EMPLOYEES AND TRADE UNIONS WITH A VIEW TO CLOSING FIDDLER'S FERRY STATION BY 31 MARCH 2020.IF FIDDLER'S FERRY IS CLOSED, SSE WILL CEASE BEING A GENERATOR OF ELECTRICITY FROM COAL.  Full Article

SSE Welcomes UK Government Commitment To 2050 Target
Wednesday, 12 Jun 2019 

June 12 (Reuters) - SSE PLC ::SSE WELCOMES UK GOVERNMENT COMMITMENT TO 2050 TARGET.  Full Article

SSE Appoints Katie Bickerstaffe Executive Chair Of SSE Energy Services
Wednesday, 22 May 2019 

May 22 (Reuters) - SSE PLC ::SSE PLC - SSE PLC APPOINTS KATIE BICKERSTAFFE AS EXECUTIVE CHAIR OF SSE ENERGY SERVICES.SSE PLC - GORDON BOYD APPOINTED INTERIM CHIEF FINANCIAL OFFICER.SSE PLC - STEPHEN FORBES AND TONY KEELING TO JOIN BOARD AND EXECUTIVE COMMITTEE AS MANAGING DIRECTORS.SSE PLC - FURTHER POSITIVE DISCUSSIONS HELD WITH THIRD PARTIES ON PROVISION OF COLLATERAL AND TRADING SERVICES TO SSE ENERGY SERVICES.SSE PLC - SSE CONTINUING PROGRESS TOWARDS A LISTING OR NEW, ALTERNATIVE OWNERSHIP BY SECOND HALF OF 2020.SSE PLC - KATIE BICKERSTAFFE WILL TAKE UP NEW ROLE ON 23 JUNE 2019 ALONGSIDE GORDON BOYD, WHO JOINS AS INTERIM CHIEF FINANCIAL OFFICER.SSE PLC - REPORTED A REDUCTION IN PROFIT DUE TO ITS DECISION TO ABSORB SOME OF IMPACT OF HIGHER WHOLESALE PRICES FOR CUSTOMERS IN 2018.SSE PLC - SSE ENERGY SERVICES REPORTED A REDUCTION IN PROFIT IN EFFECT OF DEFAULT TARIFF CAP FROM JAN TO MARCH 2019, AND LOWER CUSTOMER NUMBERS.  Full Article

SSE Says Process For Identifying New Chair Will Get Under Way In Course Of 2019
Wednesday, 22 May 2019 

May 22 (Reuters) - SSE PLC ::SSE PLC - BOARD OF SSE PLC.SSE PLC - RICHARD SHOULD CHAIR BOARD FOR A FURTHER PERIOD, ENDING NO LATER THAN 31 MARCH 2021, WHEN RIIO2 PRICE CONTROL PROCESS WILL HAVE CONCLUDED.SSE PLC - RICHARD HAS AGREED TO CHAIR BOARD FOR A FURTHER PERIOD SUBJECT TO BEING RE-ELECTED TO BOARD AT COMPANY'S AGM.SSE PLC - PROCESS FOR IDENTIFYING NEW CHAIR WILL GET UNDER WAY IN COURSE OF THIS YEAR.  Full Article

SSE Says Nationalisation Would Most Likely "Jeopardise" Some Wider Energy Policy Goals
Wednesday, 22 May 2019 

May 22 (Reuters) - SSE PLC ::FY ADJUSTED PRETAX PROFIT FELL 38 PERCENT TO 725.7 MILLION STG.FINAL DIVIDEND OF 68.2 PENCE, MAKING FULL-YEAR DIVIDEND OF 97.5 PENCE, IN LINE WITH FIVE-YEAR DIVIDEND PLAN.FINAL DIVIDEND OF 68.2 PENCE, MAKING FULL-YEAR DIVIDEND OF 97.5 PENCE IN FY.FY REPORTED PROFIT BEFORE TAX OF £1,370.6M, UP 59%.FY ADJUSTED EARNINGS PER SHARE OF 67.1 PENCE, DOWN 32%.INTENTION TO RECOMMEND A FULL-YEAR DIVIDEND OF 80 PENCE PER SHARE FOR 2019/20.SEES 2019/20 ADJUSTED INVESTMENT AND CAPITAL EXPENDITURE EXPECTED TO BE AROUND £1.5BN.SSE - SEES FY ADJUSTED OPERATING PROFIT IMPROVING BUT LIKELY TO BE IMPACTED BY EXPECTED PHASING OF PROFITS IN REGULATED ELECTRICITY NETWORKS.FY REVENUE FROM CONTINUING OPERATIONS 7,331.6 MILLION STG VERSUS 27,250.4 MILLION STG LAST YEAR.SEES 2019/20 ADJUSTED OPERATING PROFIT ALSO IMPACTED BY RENEWABLE OUTPUT FOR 19/20 BEING HEDGED AT LESS THAN CURRENT MARKET PRICES.SSE - ENERGY SECTOR AS A WHOLE REMAINS UNDER SIGNIFICANT SCRUTINY, INCLUDING FROM LABOUR PARTY, WHICH ADVOCATES NATIONALISATION OF ENERGY NETWORKS.THERE IS A HUGE DEGREE OF UNCERTAINTY, INCLUDING: UNCERTAINTY ABOUT WHAT FINAL FORM OF LABOUR'S POLICY WILL BE IN A GENERAL ELECTION.ADJUSTED INVESTMENT AND CAPITAL EXPENDITURE EXPECTED TO BE AROUND £1.5BN FOR 2019/20.MAINTAINS AN OPEN DIALOGUE WITH LABOUR PARTY'S REPRESENTATIVES, TO BETTER UNDERSTAND ITS PROPOSALS.  Full Article

Ofgem Says SSE Pays 700,000 Stg After Missing Gas Smart Meter Target
Wednesday, 3 Apr 2019 

April 3 (Reuters) - OFGEM::OFGEM- SSE PAYS £700,000 AFTER MISSING GAS SMART METER TARGET.OFGEM- SSE IS TO PAY OUT £700,000 AFTER IT MISSED ITS TARGET TO INSTALL GAS SMART METERS FOR CUSTOMERS IN 2018..OFGEM- SUPPLIERS ARE REQUIRED BY LAW TO TAKE ALL REASONABLE STEPS TO ROLL-OUT SMART METERS TO ALL HOMES AND SMALL BUSINESSES BY END OF 2020.OFGEM- SSE MET ITS ELECTRICITY SMART METERS INSTALLATION TARGET FOR 2018, BUT MISSED ITS GAS TARGET.OFGEM- SSE REACHED ITS GAS TARGET FOR 2018 IN FEBRUARY THIS YEAR, LESS THAN TWO MONTHS AFTER DEADLINE.OFGEM- DUE TO STEPS SSE HAS TAKEN, OFGEM HAS DECIDED NOT TO TAKE FORMAL ENFORCEMENT ACTION.  Full Article

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SSE to cut energy prices by 6% from October 1, in line with UK price cap

LONDON Britain's SSE will cut energy bills for customers on its standard tariff from Oct. 1, with prices falling 6% in line with regulator Ofgem's price cap, the company said on Wednesday.