The South West Scotland (SWS) project is an electricity transmission investment project delivered by Scottish Power Transmission (SPT) under the Transmission Investment for Renewable Generation (TIRG) mechanism. This consultation letter will set out our proposals on three aspects related to the SWS project including; (1) a request from SPT for an Output Measure Adjusting Event; (2) our preliminary view on the Opening Asset Value; and (3) our proposals to address the two-year delay in project delivery.
We will welcome views on our proposal to accept SPT’s request for an Output Measure Adjusting Event. Additionally, this consultation will outline our preliminary view that the Opening Asset Value of SPT’s SWS TIRG project should remain at £42.55 million, the level set out in the licence. Finally, we will consider SPT’s delay in delivering the project and how we propose to address this.