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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Scottish and Southern Energy    SSE   GB0007908733

SCOTTISH AND SOUTHERN ENERGY (SSE)
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Scottish and Southern Energy : SSE Completes Caithness-Moray Electricity Transmission Link

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01/11/2019 | 06:50am EST

By Oliver Griffin

SSE PLC (SSE.LN) said Friday that it has completed the construction, commissioning and energization of the new Caithness-Moray electricity transmission link in Scotland, its largest-ever single investment.

The energy company said the total spend on the project is expected to be 970 million pounds ($1.24 billion), within an initial budget of GBP1.06 billion.

SSE said the transmission link was completed on time and within Ofgem's requirements.

The Caithness-Moray link provides up to 1.2 gigawatts of capacity to transmit power from the increasing sources of renewable energy from across the far north of Scotland, SSE said.

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

Stocks mentioned in the article
ChangeLast1st jan.
SCOTTISH AND SOUTHERN ENERGY -1.06% 1122.5 Delayed Quote.7.67%
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Financials (GBP)
Sales 2019 30 150 M
EBIT 2019 1 178 M
Net income 2019 776 M
Debt 2019 9 939 M
Yield 2019 8,37%
P/E ratio 2019 16,17
P/E ratio 2020 12,70
EV / Sales 2019 0,73x
EV / Sales 2020 0,70x
Capitalization 11 954 M
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 13,0  GBP
Spread / Average Target 12%
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Managers
NameTitle
Alistair Phillips-Davies Chief Executive Officer & Executive Director
Richard D. Gillingwater Chairman
Anthony Edward Keeling Chief Operating Officer
Gregor Alexander Finance Director & Executive Director
Martin Pibworth Director & Managing Director-Wholesale Division
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SCOTTISH AND SOUTHERN ENERGY7.67%15 390
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