SSEZY SSE PLC (PK)

By Jaime Llinares Taboada

SSE PLC said Monday that there has been no decision to break up the company after media reports that a significant shareholder was pushing for a separation of the renewable portfolio from the regulated networks business. It also said that in November it will publish details of significantly increased investment plans through 2026.

The energy company said its clear strategic focus is on renewables and on regulated electricity networks, and these businesses have exciting growth potential aligned with net zero targets.

SSE also said it will provide an update on its growth plans at its half-year results in November. This will include details of significantly increased capital investment for the period to 2026, sources of funding, and its vision for further growth into the 2030s--including renewable and flexible capacity ambitions, and networks' regulated asset value projections.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

September 20, 2021 02:31 ET (06:31 GMT)

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