The firm said it is working to keep its dividend cover within an expected range of 1.2-1.4 times, though it is likely to be at the bottom of that range, which means adjusted earnings per share is likely to be lower than it was in 2016/17.
Breaking down the adjusted operating profit, the result from the Networks division was broadly flat year-on-year at GBP936.5 million from GBP926.6 million, Retail dipped to GBP422.3 million from GBP455.2 million and the Wholesale division experienced a lift to GBP514.6 million from GBP442.5 million.
Its wholesale business reported an operating profit of 498.2 million pounds after a loss of 481.3 million in 2015/16. It hiked its dividend for 2016-17 by 2.1% to 91.3p. This was above analyst expectations of 122-125 pence per share. Its total energy customer accounts in Britain and Ireland fell to 8 million compared to 8.21 million a year earlier. Revenue from electricity distribution will benefit from around GBP10.0 million of under-recovered revenue in the recently-ended financial year.
Regarding the proposed cap the SSE said: it "would caution against potential unintended consequences of any proposed intervention in what is a rapidly changing and increasingly competitive market".
"SSE will continue to focus on securing maximum value from our portfolio of Wholesale assets, achieving further efficiencies and customer service improvements in our Networks businesses, responding positively to evolution and change in our Retail markets and creating long-term value through investment of around GBP1.70 billion in new assets in 2017/18", he added.
It said in a statement: "As a major energy supplier we believe customers" best interests is served by competition, not caps.
Channel 2 TV said one American official told the Israelis the site is "not your territory" but part of the occupied West Bank. A USA official who confirmed the disclosure to The Associated Press said the revelation potentially put the source at risk.
Eventually nothing is next because you're retired, but we all had those same mindsets and that's why I think we had success. Clippard spent 2008-14 with Washington so he only faced Jeter once, but it's an at-bat he'll never forget.
The classified information Donald Trump told Russian officials in an Oval Office meeting reportedly came from Israeli sources . Vladimir Putin says he is willing to hand over a transcript of a discussion between Donald Trump and senior Russian officials.
Its first stint in India dates back to 1928 when it assembled cars, buses and trucks under the Chevrolet brand. The giant has said it is investing around $600m a year as it ramps up efforts to develop driverless vehicles.
Earlier in the day, Moon spoke with British Prime Minister Theresa May and German Chancellor Angela Merkel, the Blue House said. Abe and Moon agreed to meet soon, and Xi invited the South Korean leader to Beijing.
Walker's office said the application process for interested applicants will last for about two weeks, followed by interviews. It had been rumored that Clarke was in the running for several appointments within the new administration.
We have to wait and see the contract structure for Blount because it is likely to be heavily incentive-driven. Undrafted free agent Corey Clement also joined Pumphrey in the mix of veteran and youth tailbacks.
Jinder Mahal continued his winning ways on Smackdown Live Tuesday as he defeated AJ Styles and laid out WWE Champion Randy Orton. Maybe there's more to Mahal than most have seen to date, but he still seems to need a bit of development to hang with Orton.
The Harris study, in its 29th year, measures the strength of brands across various media - from travel to finance to restaurants. This year's study was based on input from 102,617 USA consumers age 15 and older between December 30, 2016 and February 21.
She took the name Reema Lagoo after her marriage - she and her husband later separated but Ms Lagoo retained the name. Veteran actor Reema Lagoo passed away at the age of 59 this morning after suffering a cardiac arrest.
State returns to job growth in April; unemployment drops
The figure includes discouraged workers who stopped looking as well as part-time workers who want but can't get full-time jobs. The 37,400-strong jump in jobs boosted the Australian dollar AUD=D4 which rose a third of a USA cent to a two-week high.
Five-star Mohamed Bamba picks Texas over MI
Being surrounded by all the new talent coming in - led by point guard Matt Coleman - should only help what Bamba can do, as well. But thanks to the surprise commitment of Bamba, the Longhorns will still be really good either way.
Bobby Moynihan Leaving 'Saturday Night Live'
The single-cam comedy examining one man's life over a 50-year span - with Moynihan playing the protagonist at age 40. This season was planned to be his final hurrah with the show, freeing him up to delve into the network comedy world.
Would Trump request to end Flynn probe have broken law?
Comey was leading an investigation into Russian interference in the 2016 presidential election when he was sacked by Trump. But the White House (and, in the case of the Comey-Trump memos, the FBI) could just decide not to hand anything over.
Ohio high school students get pepper-sprayed for class
In order to graduate from a career tech program in OH , students need 12 points, so the spray was probably well worth it for some. The video was posted on the pro police Blue Lives Matters website and has since been viewed more hundreds of thousands of times.
What you need to know about North Korea's missile test
The adoption of the statement comes on the eve of an emergency, closed-door meeting of the Security Council scheduled for Tuesday. North Korea published photos and video clips from Sunday's successful launch of its Hwasong-12 midrange missile.
(KSS) Price Target Lowered to $39.00 at Royal Bank of Canada
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . The 52 week high Kohl's Corporation's shares have reached is 59.67 whilst the 52 week low for the company's shares is 34.1.
Fidget spinner gets lodged in girl's throat
A fidget spinner has two or three paddles that can be spun, similar to a fan, which in theory, allows people to relax. Some Facebook users have questioned the quality of the fidget spinner in question. "Not for children under 3 years".
How to REALLY Make Your Mom's Mother's Day the Best Ever
Mother's Day ranks third on the list of high attendance Sundays in most churches, falling behind only Easter and Christmas. How many words does it take to explain who a mother is or what a mother does? Why? Well, they are nurturing the future.
Democrats Going to Do Whatever It Takes to Impeach Trump
In a weird twist on Wednesday, Russian President Vladimir Putin offered to turn over to Congress records of Trump's discussions. And the Senate Intelligence Committeesent a letter to Comey asking him to appear before them in both closed and open sessions.