SSE PLC (LSE:SSE) said there has been no decision to break up the company after media speculation.
Papers have been predicting a separation of its three segments, the thermal power stations, the transmission grid and the renewables, after activist hedge fund Elliott Management built up a stake.
READ: Elliott Management pushing for breakup of SSE - report
Billionaire Paul Singer’s outfit has been meeting privately with representatives from SSE, as well as some of its major shareholders.
The FTSE 100 energy group said on Monday that it will provide an update on its strategy in the half-year results in November, including details of higher investment for the period to 2026, sources of funding and the company's vision for further growth into the 2030s.
This will include ambitions for installed renewable and flexible capacity, as well as networks RAV projections.
However, it will not split into three even though the focus is all on renewables, especially offshore wind, as the UK heads to net-zero emissions goals.
"We have been making excellent progress with our clear net zero-aligned strategy, centred on electricity networks, renewables and other carefully chosen businesses that help provide the low-carbon electricity infrastructure that government and wider society requires,” said chief executive Alistair Phillips-Davies.
“SSE is the UK's national low-carbon energy champion, delivering for both our shareholders and society and we look forward to updating investors on our plans to accelerate growth and create value in due course."