On December 7, 2021, Elliott Investment Management has renewed its push to get SSE Plc to split off its renewables business into a separate unit, a move the activist investor says would create 5 billion pounds ($6.6 billion) of value. In a letter sent to the Company Chairman John Manzoni, Elliott said the company had failed to provide a convincing explanation for why it’s not pursuing a listing for its renewables division, according to a statement. Elliott said the Company is missing out on value and urged the Company to provide a detailed and credible plan to address its concerns. SSE made clear at a strategy announcement last month that it would not be breaking itself up, saying such a move would lead to 95 million pounds a year of lost value. The Company announced a dividend cut from 2024 to fund a 12.5-billion-pound increase in spending for net-zero infrastructure over the next five years.