Today we publish our Conclusions on Pensions and Decision on Change in Law provisions for SONI limited. This follows the publication of the draft decision on these matters on 16 August 2017. We received one response to the Draft Decision from SONI which is also published.
An Article 14 (8) notice relating to the Decision on Change in Law Licence modifications accompanies the paper.
This paper sets out (i) our final conclusions on the pension allowances for SONI's 2015-2020 price control, and (ii) our decision to proceed to make modifications to the change of law provisions in the current price control conditions for SONI.
While this paper sets out our final conclusions on the pensions allowances, we do not proceed to make the licence modifications that would otherwise implement these conclusions on the basis that the Competition and Markets Authority is currently considering an appeal by SONI against the UR's decision, of 14 March 2017, to modify the price control conditions of SONI's TSO Licence, which includes consideration of matters relating to pensions allowances. The CMA's final determination on the appeal is due in November 2017