This copy of the RIIO ET1 Price Control Financial Model (PCFM) shows the changes to the licensee’s Base Revenue (the MOD value). This has been directed as a result of the Annual Iteration Process (AIP) for SHE Transmission PLC that took place by February 2015.
SHE Transmission PLC was excluded from the AIP run for November 2014, as a substantial investment in a project was being assessed which could have a significant impact on the modification to the licensee’s base revenue (MOD). In October 2014 we consulted on carrying out the AIP for SHETPLC in early 2015 after we had taken a decision on the project.