SSE Reiterates Guidance as High Power Prices Lift Earnings
- Gas plants and wind farms performed ahead of expectations
- Utility aims for agreed sale of transmission stake by year-end
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SSE Plc maintained its earnings guidance for the year as soaring power prices boost earnings for some of its plants.
The UK utility expects full-year adjusted earnings per share of at least 120 pence, according to an update on the first quarter of its financial year. SSE saw stronger than expected output from its onshore wind farms and higher production from gas generation than the same period last year.