At SSE, our job is to provide the energy people need in a reliable and sustainable way. We're involved in producing, distributing and supplying electricity and gas and we provide other energy-related services as well. SSE is the only company listed on the London Stock Exchange involved in such a wide range of energy businesses.
SSE's strategy is to deliver the efficient operation of, and investment in, a balanced range of economically-regulated and market-based businesses in energy production, storage, transmission, distribution, supply and related services in the energy markets in Great Britain and Ireland.
The Board of SSE plc today announces that it has entered into an agreement with innogy SE in respect of a proposed demerger of SSE's household energy and services business in Great Britain and combination with innogy's subsidiary npower Group plc to form a new independent UK incorporated company to be held by SSE shareholders (following the demerger) and with minority participation by innogy.