Market sort of going side ways of late

But I'm amazed that this one has hardly moved up In the last week

30p divi due tomorrow.

Anyone else watching these?

CREATION OF SSE RENEWABLES


SSE plc plans to consolidate the development, operation and ownership of its renewable energy assets in the UK and Ireland under a single entity to be known as SSE Renewables.

The creation of SSE Renewables is a step towards SSE's vision of being a leading energy company in a low carbon world and is in line with SSE's commitment, set out in its Business Update in May 2018, to take forward a new business model that gives:

· greater focus on core businesses including renewables;

· investors greater visibility of assets and earnings;

· each of its businesses the best platform for future success.

Assets

SSE Renewables will comprise SSE's existing operational assets, and assets under development and construction in the UK and Ireland in:

· onshore wind;

· offshore wind;

· flexible hydro electricity;

· run-of-river hydro electricity; and

· pumped storage

The group's operational assets are currently expected to total over 4GW at 31 March 2019, with actual capacity subject to the potential sale of stakes of up to 50% in the Stronelairg and Dunmaglass onshore wind farms.

Markets

The assets of SSE Renewables are all in the UK and Ireland, and the business' focus will remain on those markets. In line with its Business Update in May, SSE is also seeking to extend its core competences in renewables energy to geographical areas beyond the UK and Ireland. The creation of SSE Renewables is expected to result in the creation of more opportunities in different markets, and SSE has begun the process of early assessment of potential opportunities.

Management

SSE Renewables will have its own and dedicated and experienced management team. Jim Smith currently SSE's Managing Director, Generation, has been appointed Managing Director Designate for SSE Renewables. Reporting to Wholesale Director Martin Pibworth, he will lead the work being done to prepare for the formation of the new entity, which is expected to be largely complete by the end of the current financial year. Management of and reporting in relation to the new entity is likely to begin in advance of its formal incorporation.

more.....

JP Morgan Cazenove Neutral 1163.50 1450.00 1230.00 Reiterates

Hasn't done the sp any harm.....

Bills may soar after power row

British energy supplier SSE on Monday pulled out of its planned merger with Innogy's Npower retail unit, saying the two companies could not agree on commercial terms. "The transaction has been impacted by multiple factors including the performance of the respective businesses, clarity on the final level of the default tariff cap, changing energy market conditions and the associated implications of these for both the joint business plan and the market in which the business would be operating," SSE said. "These implications meant the new company would have faced very challenging market conditions, particularly during the period when it would have incurred the bulk of the integration costs."

SSE said full year adjusted EPS would be 6p lower as a result of the capacity market "standstill", taking the forecast to 64p to 69p a share. The EU General Court ruled last November that Britain must halt payments under the scheme pending an investigation by European Union regulators. SSE said it was due £60m.

Saying us tax payers from subsidising a "licence to make money" privatised water outfit...Well played the EU yet again -):

(specially for C Dil and Co)