SPD - Dossier

Question 1

Allowed controllable totex?

Answer 1

£1,519m

Question 2

Internal spend target?

Answer 2

£1,446m

Question 3

Outperformance?

Answer 3

£73.5m

Question 4

Non-controllable allowance?

Answer 4

£729m

Question 5

IQI?

Answer 5

£7m penalty

Question 6

IIS - quality of supply?

Answer 6

£16m

Question 7

Guaranteed standards - reliability?

Answer 7

£0.8m penalty

Question 8

Broad measure customer satisfaction (BMCS)?

Answer 8

£8m reward

Question 9

Guaranteed standards - connections?

Answer 9

£0.4m penalty

Question 10

Connections profit?

Answer 10

£8.0m

Question 11

Losses?

Answer 11

£2.3m reward

Question 12

IRR?

Answer 12

6.55%

Question 13

Value spread?

Answer 13

162bps

Question 14

Total allowance?

Answer 14

£2,248M

Question 15

Excludes corporate costs?

Answer 15

£54M

Question 16

CAI allowance (indirects)?

Answer 16

£295M

Question 17

Business support allowance (indirects)?

Answer 17

£163M

Question 18

Step change in EBITDA from DR5?

Answer 18

£30M

Question 19

IQI penalty bps impact?

Answer 19

-6bps

Question 20

Total indirects allowance (CAI and business support)?

Answer 20

£458M

Question 21

Established pension deficit %?

Answer 21

57.4%

Question 22

Established pension deficit value per annum?

Answer 22

£28M

Question 23

Bps relating to totex outperformance?

Answer 23

49bps

Question 24

Bps if incentives?

Answer 24

24bps

Question 25

Dividend?

Answer 25

£407M

Question 26

Split of CAI\BS between BS and corporate?

Answer 26

£293M + £165M

Question 27

Non-op capex allowance?

Answer 27

£51.3M

Question 28

Visual amenity allowance?

Answer 28

£4.7M

Question 29

Load reopener materiality level?

Answer 29

£6.47M

Question 30

WSC allowance?

Answer 30

£5.0M