Determination in relation to notice of second income adjusting event from Gwynt y Môr OFTO plc
Decision
Publication date
Company
Industry sector
Offshore Transmission Network
On 30 June 2016, the Authority received a notice from Gwynt y Mor OFTO plc in respect of an event which Gwynt y Mor OFTO plc considers to be an income adjusting event (IAE). The Authority’s determination of 8 September 2017 was quashed by the Court and remitted back to Ofgem for reconsideration. The Authority has concluded that the event does not constitute an IAE for the reasons set out in this letter.