UK's Ofgem tells bidders for National Grid gas networks earnings not guaranteed - SSE
UK energy regulator Ofgem told potential buyers of a majority stake in National Grid's four gas networks and part of utility SSE's SGN network on Wednesday that price controls for the period after 2021 have not yet been set, SSE said.
Ofgem is reminding bidders that any premium they pay above existing values may not be compensated when Ofgem sets the new price control, SSE said in a statement.
Hong Kong billionaire Li Ka-Shing's Cheung Kong Infrastructure Holdings Ltd is preparing a bid for a majority stake in National Grid's British Gas networks, whose overall value is up to 11 billion... read more
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