Britain's SSE has not made a decision to break itself up, the renewable power and networks group said today, after a newspaper report said it was close to splitting up following months of pressure from US activist investor Elliott.
The company, which owns SSE Airtricity here, said it would update investors on growth plans in due course.
It is scheduled to report interim results in mid-November.
FTSE 100-listed SSE, which has been sharpening its focus on renewable power generation and electricity networks after the sale of its retail division to OVO Energy, plans to invest £7.5 billion in low-carbon projects up to 2025.
The Telegraph newspaper reported on Friday that SSE was close to splitting into two separate blue-chip companies.
"The Board remains fully focused on strategic choices which will drive shareholder value from the wealth of net zero opportunities the company is creating," the company said.
"SSE is currently building more offshore wind than any company in the world, expanding internationally, and investing in the low-carbon electricity infrastructure," it said.
Elliott has recently targeted London-listed pharmaceutical giant GSK.
It has been in talks with SSE's board to separate the company's wholesale networks business from its renewables operations for more than a year, the Telegraph report added, citing unidentified sources.
Energy companies in Britain and across the world are under the spotlight amid a surge in gas prices.