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...The breaches occurred before National Grid’s ownership, WPD said....
...WPD agreed the settlement with Ofgem at a time when energy companies are under scrutiny as households bills soar....
...National Grid agreed to pay £7.8bn for PPL Corp’s UK electricity distribution business WPD; ex asset disposals that represented a 60 per cent premium over the regulatory asset value (RAV)....
...Martin Young, analyst at Investec, said that while the WPD deal made strategic sense, it represented a “significant” premium of 61 per cent to WPD’s projected regulated asset value for the financial year...
...As well as buying WPD, National Grid will sell PPL its Rhode Island power operations in the US. The £3.7bn enterprise value will finance less than a quarter of the WPD purchase....
...“If we want to reach net zero [in France by 2050], it can’t be done without wind farms,” said Vincent Bales, the head of Wpd offshore France, a wind specialist working with the likes of EDF on projects off...
...easing (FT) Crypto platforms need regulation to survive, says SEC boss (FT) SoftBank: loyal retail investors accept debt risk (Lex) UK competition regulator clears National Grid’s $11 billion purchase of WPD...
...Campbell’s focus now will be the integration of the National Grid and WPD....
...Western Power Distribution (WPD), the electricity distribution network operator for the Midlands, South-west and Wales, said it had experienced “a major incident on the national electricity infrastructure...
...Danish energy group Oersted, infrastructure fund CIP and wind farm operator wpd are among the earliest movers....
...“[But] today’s decision means that to stay in the fast-track process, WPD will need to make an equivalent reduction in its assumed cost of equity to 6.4 per cent.”...
...WPD’s plan will be “fast-tracked” while the rest will have to submit revised plans, “when we would expect costs to be reduced further”, Ofgem said....
...WPD’s initiatives included support for an anti-bullying booklet for secondary school children and sending apprentices out on environmental projects....
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