Our client owns and operates a gas pipeline in North West Europe. Changes in European legislation, including new Network Codes, mean that regulatory arrangements and the business model for this transmission system operator will change. We advised them on future regulatory options and their strategy for achieving the best outcome.
We provided strategic advice on operational and financial matters, including the legitimate treatment of network utilities. The scope of work included:
- Researching precedents for regulatory treatment of transmission assets;
- Analysing the European and UK legislative framework to determine factors that have a bearing on the business model and revenues for network utilities.