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SSE PLC Announces Deal To Sell SSE Energy Services To OVO
Canada's CDPQ Discloses 4.05% Stake In SSE As Of Aug. 30
SSE Updates Energy Tariffs, Removes Some Exit Fees
SSE plc is engaged in producing, distributing and supplying electricity and gas, as well as other energy-related services to homes and businesses in Great Britain and Ireland. The Company's segments include Networks, which consists of electricity distribution, electricity transmission and gas distribution; Retail, which consists of energy supply, enterprise and energy-related services, and Wholesale, which consists of energy portfolio management and electricity generation, gas storage and gas production. The Networks segment is engaged in the distribution of electricity to customer premises in the North of Scotland and the South of England. Its Retail segment supplies electricity and gas to residential and business customers in the United Kingdom and Ireland. The Wholesale segment is engaged in the generation of power from renewable and thermal plant in the United Kingdom, Ireland and Europe, and the procurement and optimization of power and gas and other commodity requirements.
Inveralmond House, 200 Dunkeld Road
Richard D. Gillingwater
Non-Executive Chairman of the Board
Chief Executive Officer, Executive Director
Chief Financial Officer
Gregor Ramage Alexander
Finance Director, Executive Director
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Relative newcomer OVO Energy is set to become one of Britain's Big Six energy suppliers after striking a 500 million pound ($622.65 million) deal to buy SSE's <SSE.L> retail arm, announced on Friday.
British energy provider SSE Plc said on Friday it had agreed to sell its SSE Energy Services business to OVO Energy Limited, a unit of OVO Group Limited, for an enterprise value of 500 million pounds ($617.6 million).
Power company SSE Plc <SSE.L> on Thursday reported a 1.2% dip in customer accounts and stuck to its full-year targets despite seeing a dip in the volume of renewable energy delivered in its first quarter compared to previous expectations.
British energy supplier SSE Plc plans to shut its Fiddler's Ferry coal-fired plant in northwest England by March 2020, saying the loss-making plant could not compete with more efficient gas and renewable energy options.
British energy supplier SSE Plc said on Thursday it plans to close its Fiddler's Ferry coal-fired plant in northwest England, as the UK focuses on green energy.
Energy supplier SSE Plc said on Wednesday annual earnings fell more than a third as it battled stiff competition and warned of an uncertain outlook due to the opposition Labour party's plans to nationalise Britain's energy networks.
British energy supplier SSE Plc on Wednesday missed analysts' expectations for annual profit and warned of another hit to results in 2019 as it battled stiff competition and rising costs.
SSE said on Wednesday it would cut jobs in its customer service and metering teams as the British energy company faces a perfect storm of stiff competition, higher costs and a cap on how much it can charge.
British energy company SSE Plc has approached companies including broadband provider TalkTalk Telecom Group about a deal to sell its household supply unit, Sky News reported http://bit.ly/2Lm9c2T on Saturday.
British energy company SSE Plc has approached companies including broadband provider TalkTalk Telecom Group about a deal to offload its household supply arm, Sky News reported http://bit.ly/2Lm9c2T on Saturday.
British utility SSE Plc cut its full-year profit forecast on Friday as the suspension of payments from a back-up power scheme dented income.
British energy supplier SSE has agreed to sell nearly half of its stake in the Stronelairg and Dunmaglass wind farms in Scotland to renewables fund Greencoat UK Wind and a UK pension fund for 635 million pounds ($832.17 million).
British energy supplier SSE Plc said it would sell a 49.9 percent stake in its Stronelairg and Dunmaglass wind farms to Greencoat UK Wind Plc and a major UK pension fund for 635 million pounds ($832.17 million).
SSE Plc <SSE.L> is planning to sell a 50 percent stake in its enterprise telecoms business to Infracapital after abandoning plans to merge its British energy retail operations with a unit of Innogy SE <IGY.DE>, the company said on Friday.
SSE Plc said on Friday it plans to sell a 50 percent stake in its enterprise telecoms business to Infracapital for about 380 million pounds ($481.27 million), after abandoning plans to merge its British energy retail operations with a unit of Innogy SE.
British energy supplier SSE Plc <SSE.L> plans to create a new company that will include its renewable energy assets in the UK and Ireland in order to improve transparency and help it raise investment, it said on Wednesday.
British energy supplier SSE Plc plans to create a new company that will include its renewable energy assets in the UK and Ireland, it said on Wednesday, and reported a 40.9 percent drop in first-half adjusted earnings.
British energy supplier SSE <SSE.L> has acquired the other half of offshore wind joint venture Seagreen Wind Energy Limited from Fluor Ltd as it increases its renewable energy ambitions, the company said on Tuesday.
British power company SSE Plc reiterated its full-year adjusted operating profit forecast and said it would buy the remaining 50 percent stake in Seagreen Wind Energy Limited, continuing its push into offshore wind energy projects.
Energy suppliers SSE Plc <SSE.L> and Innogy SE <IGY.DE> said on Friday Martin Read would take over as chairman of the new company resulting from the merger of their UK retail units.
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