National Grid Plc · LSE:NG.
National Grid — Investor Presentation (November 2004)
10 slides from National Grid's investor presentation, Nov 26, 2004
Slide 1: CAP077 Report
CAP077 Report 26th November 2004 • 1st Meeting of CAP077 WG met on 17th November • Followed P180 WG, involved much the same people • Although no direct interaction between the two, obvious parallels • P180 WG discussed defect, solution and whether it bettered BSC Objectives for consultation report.
Slide 2: The Defect
The Defect • CUSC provisions in relation to changing Implementation Dates are not sufficiently complete, should an Authority decision be legally challenged. • Demonstrated by examining CUSC 8.2.3.3 which states that ‘…NGC will carry out its role in an efficient and expeditious manner and (subject to
Slide 3: The Risk
The Risk • The risk therefore is that: If as a result of the legal challenge and the outcome is to overturn the Authority decision or to order a rerun of the Authority decision making process, there is no time remaining for implementation or insufficient time for it to be completed before the given
Slide 4: Possible Solution
Possible Solution • To amend CUSC 8.2.3.3 to be wider than just ‘Approved Amendments’, and • To agree a Work Process that would maintain existing Governance principles in this context ie NGC as the determinator and proposer and the Authority as the approver. • Currently, the WG (as with P180) has pr
Slide 5: Strawman Proposal for CAP077 Process
Strawman Proposal for CAP077 Process Issue Notice Determine if If No – Propose Submit paper to that appeal or Implementation new Panel based on NGC JR has been ⇒ Date is still viable. ⇒ implementation ⇒ responses by raised Timetable and CUSC Parties consult CUSC Parties ⇑ ⇓ ⇓ ⇑ ⇓ ⇑ ⇓ ⇓ ⇑ ⇓ ⇑ ⇓ ⇓ ⇑ ⇓
Slide 6: Possible Solution (cont'd)
Possible Solution (cont’d) • Such a change would then provide the Authority with a date should they wish or need to use it, dependent upon the outcome of the legal challenge. • The timeline for the process might be ….
Slide 7: Possible Timeline for CAP077 Process
Possible Timeline for CAP077 Process JR/Appeal lodged Ofgem notify NGC of JR/Appeal Within: 2 weeks NGC notifies CUSC Parties of JR/Appeal 1 Month NGC determines if implementation date still viable 1 Month If no, propose another implementation date if req’d 2 Months Consult CUSC Parties on new imple
Slide 8: Remaining Work for CAP077 WG
Remaining Work for CAP077 WG • Meetings arranged for 2nd and 16th Dec • Confirm defect as described • Determine a solution and any consider viable alternatives • Consider guidelines NGC might use to determine a proposed new date • Identify arguments for and against proposals • Consider extent of CUS
Slide 9: CAP077 Assessment Timeline (1)
CAP077 Assessment Timeline (1) • 17th Nov – 1st meeting of WG, agreed TOR and define defect. • 26th Nov – Report back to CUSC Panel to define defect, approve TOR and agree timescales. • 2nd Dec – 2nd Meeting of WG to consider solutions to defect (to CUSC and work process), arguments for and against
Slide 10: CAP077 Assessment Timeline (2)
CAP077 Assessment Timeline (2) • 17th Nov – 1st meeting of WG, agreed TOR and define defect. • 26th Nov – Report back to CUSC Panel to define defect, approve TOR and agree timescales. • 2nd Dec – 2nd Meeting of WG to consider solutions to defect (to CUSC and work process), arguments for and against
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