Ofgem Orders SSE, UKPN to Increase Storm Compensation
July 24 2014 - 6:06AM
Dow Jones News
LONDON--The U.K.'s energy regulator ordered two utilities to
increase their compensation for customers who lost power during
last winter's storms.
Ofgem Thursday said it secured an additional 3.3 million pounds
($5.62 million) from SSE PLC (SSE.LN) and U.K. Power Networks--a
unit of Cheung Kong Infrastructure Holdings Ltd. (1038.HK)--after
an investigation into how they handled the storms, bringing the
total payout to GBP8 million.
Write to Ed Ballard at ed.ballard@wsj.com
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