Edition:
India

SSE PLC (SSE.L)

SSE.L on London Stock Exchange

1,215.00GBp
18 Sep 2020
Change (% chg)

15.50 (+1.29%)
Prev Close
1,199.50
Open
1,194.00
Day's High
1,222.50
Day's Low
1,188.50
Volume
4,390,878
Avg. Vol
2,570,340
52-wk High
1,703.00
52-wk Low
1,057.50

Latest Key Developments (Source: Significant Developments)

Britain's SSE Issues Statement On REMIT Breach
Thursday, 3 Sep 2020 

Sept 3 (Reuters) - SSE PLC ::SSE, ON OFGEM FINE, SAYS "SUBSEQUENTLY UNDERSTOOD THAT OFGEM’S INTERPRETATION REQUIRED DISCLOSURE TO THE MARKET AT AN EARLIER STAGE".SSE, ON OFGEM FINE, SAYS "WE ADMIT THAT OUR APPROACH WAS NOT IN LINE WITH THIS (OFGEM'S) REQUIREMENT".  Full Article

UK's OFGEM fines SSE 2.06 Mln Pounds For REMIT Breaches
Thursday, 3 Sep 2020 

Sept 3 (Reuters) - UK's OFGEM::OFGEM - FINES SSE £2.06 MILLION FOR FAILING TO PUBLISH INSIDE INFORMATION ABOUT WHOLESALE ENERGY MARKET.OFGEM - SSE FULLY CO-OPERATED WITH OFGEM'S INVESTIGATION.OFGEM - BY SETTLING INVESTIGATION EARLY, SSE QUALIFIED FOR 30% DISCOUNT FOR EARLY SETTLEMENT FROM PROPOSED ABOUT £2.6 MILLION PENALTY.  Full Article

SSE Plc Announces Sale Of Stake In Walney Offshore Wind Farm
Tuesday, 1 Sep 2020 

Sept 1 (Reuters) - SSE PLC ::SSE PLC - SALE OF SSE’S STAKE IN WALNEY OFFSHORE WIND FARM.SSE - FOLLOWING DISPOSAL OF SSE'S STAKE IN WALNEY, SSE'S RENEWABLE GENERATION CAPACITY WILL BE AROUND 3.9GW (GIGAWATTS).  Full Article

Ofgem Says SSE Energy Services Miss Smart Meter Targets
Friday, 21 Aug 2020 

Aug 21 (Reuters) - Ofgem::SSE ENERGY SERVICES MISS SMART METER TARGETS.SSE ENERGY SERVICES MISSED ITS TARGET TO INSTALL GAS AND ELECTRICITY SMART METERS FOR CUSTOMERS IN 2019.OVO ENERGY, WHICH ACQUIRED SSE ENERGY SERVICES IN JANUARY 2020, WILL PAY OUT £1.2 MILLION FOR SSE ENERGY SERVICES' HISTORIC ISSUE..  Full Article

SSEN Seeks Regulatory Approval For Shetland Transmission Link
Monday, 27 Jan 2020 

Jan 27 (Reuters) - SSE PLC ::SSEN SEEKS REGULATORY APPROVAL FOR SHETLAND TRANSMISSION LINK.SSE - SSEN TRANSMISSION HAS RESUBMITTED TO OFGEM, ITS INVESTMENT CASE (NEEDS CASE) FOR THE PROPOSED TRANSMISSION LINK TO SHETLAND.  Full Article

SSE Renewables Appoints Nexans As Preferred Supplier For Seagreen Offshore Wind Farm
Monday, 4 Nov 2019 

Nov 4 (Reuters) - SSE RENEWABLES ::APPOINTED NEXANS AS PREFERRED SUPPLIER TO DESIGN, SUPPLY, INSTALL ONSHORE & OFFSHORE EXPORT CABLE FOR SEAGREEN OFFSHORE WIND FARM.  Full Article

UK's Ofgem Publishes Final Decision On Electricity Distribution Funding Requests
Friday, 18 Oct 2019 

Oct 18 (Reuters) - UK's OFGEM::OFGEM PUBLISHES FINAL DECISION ON ELECTRICITY DISTRIBUTION FUNDING REQUESTS.UK'S OFGEM - REFUSED AROUND £258 MILLION FOR PROJECTS THAT IT CONSIDERS ARE NOT JUSTIFIED OR PROVIDE POOR VALUE FOR MONEY.OFGEM - ALLOWED £64M OF FUNDING REQUESTS BY ELECTRICITY DISTRIBUTION NETWORK COS TO INVEST IN SITE SECURITY, STREET WORKS & RAIL ELECTRIFICATION.UK'S OFGEM - REQUESTS APPROVED INCLUDE £45 MILLION TO FUND STREET WORKS ACTIVITIES BY FIVE NETWORK COS.UK'S OFGEM - REQUESTS APPROVED INCLUDE £16 MILLION TO SSEN FOR DIVERSIONS REQUIRED TO FACILITATE THE ELECTRIFICATION OF THE GREAT WESTERN RAILWAY LINE.UK'S OFGEM - REQUESTS APPROVED INCLUDE £3 MILLION TO NPG TO INVEST IN SITES THAT REQUIRE PHYSICAL SITE SECURITY UPGRADES.UK'S OFGEM - REQUESTS OFGEM REFUSED INCLUDE £30 MILLION REQUEST FROM SSEN FOR CABLE REPLACEMENT AT PENTLAND FIRTH EAST.OFGEM - REQUESTS REFUSED INCLUDE£70 MILLION SOUGHT BY SPEN FOR CABLE REPAIRS AS OFGEM CONSIDERS THAT LEVEL OF INVESTMENT REQUESTED IS NOT JUSTIFIED.OFGEM - REQUESTS REFUSED INCLUDE £42 MILLION REQUEST FROM SPEN FOR WORK TO INCREASE NETWORK CAPACITY IN ANTICIPATION OF ELECTRIC VEHICLE UPTAKE.  Full Article

SSE Announces Non-Discretionary Share Buyback Programme
Monday, 30 Sep 2019 

Sept 30 (Reuters) - SSE PLC ::INSTRUCTED MORGAN STANLEY AND CREDIT SUISSE ON AN IRREVOCABLE, NON-DISCRETIONARY PROGRAMME TO REPURCHASE ITS SHARES FOR CANCELLATION.PROGRAMME WILL NOT EXCEED 13.4 MILLION ORDINARY SHARES, AND MAXIMUM PECUNIARY AMOUNT ALLOCATED TO IT IS £150 MILLION.  Full Article

SSE Says Currently Expects FY Adj EPS Around 85p-90p
Thursday, 26 Sep 2019 

Sept 26 (Reuters) - SSE PLC ::FIRST-HALF PROPORTION OF ADJUSTED OPERATING PROFIT IN 2019/20 IS LIKELY TO BE AROUND 20% OF FULL YEAR TOTAL.OVERALL OUTLOOK DESCRIBED IN MAY 2019 AND JULY 2019 IN RELATION TO ADJUSTED OPERATING PROFIT FOR 2019/20 REMAINS LARGELY UNCHANGED.CURRENTLY EXPECTS ITS ADJUSTED EARNINGS PER SHARE FOR 2019/20 TO BE AROUND 85P-90P.IS MAKING GOOD PROGRESS WITH PLANNED DISPOSAL OF ITS INTERESTS IN GAS PRODUCTION.GAS PRODUCTION SEGMENT IS LIKELY TO BE DEEMED TO BE HELD FOR SALE IN SSE'S FINANCIAL STATEMENTS.FULLY COMMITTED TO RECOMMENDING A FULL-YEAR DIVIDEND OF 80P AS PART OF OUR FIVE-YEAR DIVIDEND PLAN TO MARCH 2023.SAYS "WORKING TO MITIGATE ECONOMIC, REGULATORY AND POLITICAL UNCERTAINTIES ARISING FROM BREXIT PROCESS WILL CONTINUE TO BE A KEY PRIORITY FOR SSE".SSEN ELECTRICITY DISTRIBUTION'S FY ADJUSTED OPERATING PROFIT IS NOW EXPECTED TO BE AROUND £25M LOWER THAN FIRST FORECAST, AT AROUND £375M.90% OF EXPECTED £115M +/-£15M ENERGY PORTFOLIO MANAGEMENT LOSS TO BE INCURRED IN H1 OF FINANCIAL YEAR.CONTINUING SUSPENSION OF CAPACITY MARKET MEANS SSE IS UNABLE TO RECOGNISE OUTSTANDING CAPACITY MARKET PAYMENTS.  Full Article

SSE Announces Results Of Dogger Bank Wind Farms CFD Allocation
Friday, 20 Sep 2019 

Sept 20 (Reuters) - SSE PLC ::SSE PLC - DOGGER BANK WIND FARMS BEEN INFORMED THAT IT HAS BEEN SUCCESSFUL IN UK'S THIRD CONTRACT FOR DIFFERENCE (CFD) ALLOCATION ROUND.SSE PLC - SSE RENEWABLES HAS A 50% STAKE IN DOGGER BANK WIND FARMS AS PART OF A JOINT VENTURE WITH EQUINOR.SSE PLC - DOGGER BANK WIND FARMS SET TO BE AWARDED CONTRACTS TOTALLING 3,600MW UNDER CFD ALLOCATION ROUND.SSE PLC - UNDER CFDS SOME PROJECTS WILL RECEIVE GUARANTEED REMUNERATION FOR 15 YEARS FOR LOW CARBON ELECTRICITY THEY GENERATE.  Full Article

Britain’s SSE sticks with 7.5 bln stg investment plans

LONDON, July 16 British renewable power generator and network operator SSE Plc said on Thursday it will stick with plans to invest 7.5 billion pounds ($9.4 billion) in low-carbon projects over the next five years, and also maintain its dividend schedule.