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National Grid PLC - UK Regulatory Price Controls.
(From AFX CNF)
RNS Number:9616N National Grid PLC 15 December 2006 15 December 2006 National Grid plc UK REGULATORY PRICE CONTROLS: FINAL PROPOSALS National Grid has today accepted in principle Ofgem's final proposals for the Transmission Owner Price Control for the five years from 1 April 2007. Steve Holliday, Chief Executive Designate, said: "We are pleased that Ofgem have moved in all areas since September. We believe that the proposals, although challenging, now offer an acceptable balance of risk and reward. "As a result of this review we will substantially increase investment in our transmission networks, although some of the investment which we had proposed …
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