Business
CMA publishes provisional determination for RIIO-2
CMA publishes provisional determination for RIIO-2.
About this update from National Grid Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2250I\n National Grid PLC\n 11 August 2021\n \n \n \n \n \n \n \n \n \n \n 11 August 2021\n \n \n \n \n \n National Grid plc\n \n \n \n \n \n CMA publishes provisional determination for the RIIO-2 price control\n \n \n \n \n \n The CMA has published its provisional determination in relation to the RIIO-2 price control this morning. We are pleased to note that it has found in favour of the technical arguments on the outperformance wedge, although we are disappointed that it has not found in favour on the cost of equity. We will now review the detailed documents to determine the CMA's rationale for this provisional determination and will be responding within the statutory timeline. The final determination from the CMA is expected to be published by the end of October. \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n CONTACTS\n \n \n \n \n \n Investors and Analysts\n \n \n \n \n \n \n \n \n Nick Ashworth\n \n \n \n \n +44 (0) 7814 355 590 \n \n \n \n \n \n \n Angela Broad\n \n \n James Flanagan\n \n \n \n \n +44 (0) 7825 351 918\n \n \n +44 (0) 7970 778 952 \n \n \n \n \n \n \n Jonathan Clay\n \n \n \n \n +44 (0) 7899 928 247 \n \n \n \n \n \n \n \n \n Media\n \n \n \n \n \n Molly Neal\n \n \n Surinder Sian\n \n \n \n \n +44 (0) 7583 102 727\n \n \n +44 (0) 7812 485 153\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n CAUTIONARY STATEMENT\n \n \n \n \n \n \n This announcement contains certain statements that are neither reported financial results nor other historical information. These statements are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include information with respect to National Grid's (the Company) financial condition, its results of operations and businesses, strategy, plans and objectives. Words such as 'aims', 'anticipates', 'expects', 'should', 'intends', 'plans', 'believes', 'outlook', 'seeks', 'estimates', 'targets', 'may', 'will', 'continue', 'project' and similar expressions, as well as statements in the future tense, identify forward-looking statements. These forward-looking statements are not guaran...