January 28, 2020 / 7:29 AM / 23 days ago

UK's Ofgem to probe National Grid, Scottish Power over subsea cable delivery

Jan 28 (Reuters) - British energy market regulator Ofgem said here on Tuesday that it had opened an investigation into National Grid Plc and Iberdrola's Scottish Power over the delivery and ongoing operation of the Western HVDC subsea cable.

The investigation will review the performance of the two companies in delivering the cable, Ofgem said, adding it will consider whether the late delivery of the cable means they breached a special licence condition, which specifies the expected delivery date.

The Western HVDC is a 1.3 billion pound ($1.71 billion)subsea electricity cable that transports electricity between Scotland, Wales and England.

$1 = 0.7608 pounds Reporting by Noor Zainab Hussain in Bengaluru; Editing by Bernard Orr

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