SP Transmission Successfully Fast-tracked (Jan 2012)

We are pleased to announce that we have reached agreement with the Government Energy Regulator Ofgem to fund an investment plan totalling £2.6 billion pounds over the 8-year period from 2013 to 2021. This is the most significant plan in the last 70 years in the Transmission network.

Our investment plan will:

• Create up to 1,500 new jobs in the ScottishPower Transmission licence area
• Connect offshore and onshore wind generation in Scotland of around 11 GW (enough to power over 6 million homes)
• Reduce carbon emissions by over £2 billion (equivalent to 45 million tonnes of CO2)
• Increase the export capacity from Scotland to England from 3.3 GW to at least 7GW
• Modernise the transmission network to ensure that the excellent security of supply continues

• Fast Track update
• View more information on the Ofgem Fast Track decision
• View the press release from Ofgem

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The updated SP Transmission RIIO-T1 Business Plan

• Executive Summary

Supporting Annexes:

• Risk Management and Uncertainty Mechanisms
• Delivery and Costs
• Workforce Renewal
• Business Support
• Stakeholder Engagement
• Innovation
• Environment

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RIIO T1 Business Plan (July 2011)

1. 1. Introduction
2. 2. Our Stakeholders and Customers
3. 3. Our Outputs Strategy
4. 4. Load Related Expenditure
5. 5. Non-Load Related Expenditure
6. 6. Operating Costs
7. 7. Delivering the Plan
8. 8. Innovation Strategy
9. 9. Financial Strategy
10. 9A. Appendix: Cost of Capital NERA
11. 9B. Appendix: First Economics RPEs

RIIO T1 Executive Summary (July 2011)

• Download the SP Transmission RIIO-T1 Business Plan