By Adria Calatayud

SSE PLC said Thursday that its Scottish and Southern Electricity Networks Distribution subsidiary plans to accelerate investment in its networks for the 2023-28 period to power communities to net zero greenhouse-gas emissions.

The FTSE 100 energy company said SSEN Distribution has proposed a baseline investment of 4.1 billion pounds ($5.67 billion) over the five-year period, which represents an increase of around 35% on the equivalent period in the previous price-regulation framework.

SSE said the baseline investment is consistent with no planned increase in network charges on customer bills.

The company said SSEN Distribution's business plan includes six goals that it expects to deliver by 2028, including investing GBP1 billion in strategic resilience across its networks, support 200,000 customers in vulnerable situations, reduce its carbon footprint by at least 35% and facilitate connection of an additional 1.3 million electric vehicles.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

July 01, 2021 02:54 ET (06:54 GMT)

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