Edition:
United Kingdom

National Grid Responds To Ofgem On RIIO-2 And HSB Project


Monday, 30 Jul 2018 

July 30 (Reuters) - National Grid PLC ::NATIONAL GRID RESPONDS TO OFGEM ON RIIO-2 AND HSB.HSB PROJECT IS EXPECTED TO HAVE A TOTAL COST OF AROUND £650M.WILL NOW REVIEW DETAILED DECISION BY OFGEM; CONSIDER ALL OF OPTIONS PRIOR TO OFGEM FORMALLY IMPLEMENTING PROPOSALS INTO LICENCE.OFGEM'S DECISION DOES NOT AFFECT COMMITMENT TO DELIVERING HSB TO TIME AND TO QUALITY AS PER LICENCE OBLIGATIONS.