The U.K.'s energy regulator has authorized nearly $2.5 billion of investment in it's transmission and distribution infrastructure. The Office of Gas and Electricity Markets early this month approved plans by National Grid, the monopoly gas-transmission operator, to spend more than $1.6 billion to expand and upgrade its pipeline network between 2007 and 2012. Four operators of the U.K.'s gas-distribution systems will be allowed to spend $1.9 billion in the period between May 2007 and March 2008. Britain's transmission network must be reconfigured to transport gas from new sources.
U.K. Plans Major Upgrade of Natural Gas Pipeline System
December 18, 2006