SPM - Dossier

Question 1

Allowed controllable totex?

Answer 1

£1,667m

Question 2

ED1 spend?

Answer 2

£1,667m

Question 3

Non-controllable allowance?

Answer 3

£583m

Question 4

IQI?

Answer 4

-£7.0m penalty

Question 5

IIS?

Answer 5

£19.50m

Question 6

Guaranteed standards (reliability)

Answer 6

-£0.8m penalty

Question 7

Broad measure customer service (BMCS)

Answer 7

£8.0m reward

Question 8

Guaranteed standards (connections)

Answer 8

-£0.4m penalty

Question 9

Connections profit?

Answer 9

£8.0m

Question 10

Losses?

Answer 10

£2.3m reward

Question 11

Outperformance?

Answer 11

£0.0m

Question 12

IRR?

Answer 12

5.98%

Question 13

Value spread?

Answer 13

105bps

Question 14

Total allowance?

Answer 14

£2,240M

Question 15

Excluded corporate costs?

Answer 15

£52M

Question 16

Business support allowance (indirects)?

Answer 16

£128M

Question 17

Step change in EBITDA from DR5?

Answer 17

-£74M

Question 18

IQI penalty bps impact?

Answer 18

-6bps

Question 19

CAI allowance (indirects)?

Answer 19

£284M

Question 20

Total indirects allowance?

Answer 20

£412M

Question 21

Established pension deficit %

Answer 21

80%

Question 22

Established pension deficit per annum?

Answer 22

£28M

Question 23

Bps of incentives?

Answer 23

24bps

Question 24

Dividends?

Answer 24

£332M

Question 25

Split of CAI\BS between BS and corporate?

Answer 25

£247M + £165M

Question 26

Non-op cape allowance?

Answer 26

£42.7M

Question 27

Visual amenity allowance?

Answer 27

£7.5M

Question 28

Load reopener materiality level?

Answer 28

£5.82M

Question 29

WSC allowance?

Answer 29

£2.2M