Edition:
India

UK's Ofgem Consults On Network Funding Requests


Friday, 2 Aug 2019 

Aug 2 (Reuters) - SSE PLC ::OFGEM SSE PLC SCOTTISH PWR.UK PLC - OFGEM CONSULTS ON NETWORK FUNDING REQUESTS.OFGEM - NETWORK COMPANIES HAVE SUBMITTED 12 FUNDING REQUESTS WITH A TOTAL VALUE OF £322 MILLION.OFGEM - IS CONSULTING ON ITS PROPOSAL TO ALLOW NETWORK COMPANIES TO RECOVER APPROXIMATELY £75 MILLION.OFGEM - PROPOSES TO ALLOW ADDITIONAL £16 MILLION IN FUNDING TO SSEN FOR DIVERSIONS REQUIRED TO FACILITATE ELECTRIFICATION OF GREAT WESTERN RAILWAY LINE.OFGEM - PROPOSE NOT TO ACCEPT A £42 MILLION REQUEST FROM SPEN FOR WORK TO INCREASE NETWORK CAPACITY IN ANTICIPATION OF ELECTRIC VEHICLE UPTAKE.