REG - SSE Plc - Initial Response to the RIIO-ED1 <Origin Href="QuoteRef">SSE.L</Origin>

SSEAnnouncement

06/09/2014 22:35

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RNS Number : 6735N
SSE PLC
30 July 2014 
 
SSEPD Initial Response to the RIIO-ED1 Draft Determination Consultation 
 
Scottish and Southern Energy Power Distribution (SSEPD), part of SSE plc,
notes the publication of the draft determination by Ofgem on its RIIO-ED1
business plan for the period 2015 to 2023.  SSEPD is disappointed with a
number of elements within the draft determination including Ofgem's proposal
on efficient financing and their assumptions about the scope of further cost
reductions across the industry. 
 
Over the coming weeks SSEPD will be reviewing Ofgem's benchmarking analysis
and also their assumptions on how SSEPD, one of the leading cost efficient
operators in Great Britain, could operate and develop our networks to the
standard customers expect with the proposed reduction in total expenditure. 
 
Gregor Alexander, Finance Director of SSE, said: 
 
"Our aim is to deliver a final settlement that both provides value for money
for customers as well as securing the funding required to operate and develop
our distribution networks for customers benefit.  Through the established
price control process, we will now be responding to the draft determination as
well as engaging further with Ofgem in order to secure this outcome." 
 
This information is provided by RNS
The company news service from the London Stock Exchange