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-0.000257102455328397 -0.000771307365985374 -0.00179971718729915 -0.00192826841496344 -0.000771307365985374 -0.000899858593649664 0.000771307365985374 0.000771307365985374
Stock impact report

British utility SSE seeks to raise $2.7 billion for grid investments, shares soar [CNBC]

National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG) 
US:NYSE Investor Relations: investors.nationalgrid.com
Company Research Source: CNBC
Lindsey Parnaby | Afp | Getty Images British utility SSE unveiled a 33 billion pound five-year investment plan on Wednesday, including a 2 billion pound ($2.68 billion) equity fundraising, as it seeks to upgrade the UK's regulated electricity networks and bolster its renewables business. SSE's shares rose more than 11% to a record high. Analysts were positive about the plan which provided clarity on the company's growth outlook. The company's investment plan highlights Britain's need to overhaul its aging power grid to meet rising electricity demand from electric vehicles and artificial intelligence. SSE CEO Martin Pibworth said it was a once-in-a-generation opportunity to upgrade critical infrastructure. “Our world is rapidly electrifying, and we need to build, connect and transport ever greater volumes of homegrown power to homes and businesses to power the digital age,” Pibworth said. About 80% of the planned spending, or 27 billion pounds, will go towards upgrading th Show less Read more
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