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| Name | Symbol | Market | Type |
|---|---|---|---|
| Drax Group PLC (PK) | USOTC:DRXGY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 14.795 | 11.85 | 13.63 | 12 | 21:06:11 |
From Jun 2019 to Jun 2024
By Ian Walker
LONDON--U.K. energy regulator Ofgem said Wednesday is consulting on a request by National Grid PLC (NG.LN) to recover the costs of two services contracts which the network operator agreed with SSE PLC (SSE.LN) and Drax PLC (DRX.LN), two British power companies.
National Grid said it has spent "significantly" more money than agreed with the regulator in providing the services, hence its application to recover the costs.
The contracts are worth 113 million pounds ($164.43 million) in total.
The consultation will close on July 6 and Ofgem plans to issue a decision by Aug. 24.
-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
June 08, 2016 02:52 ET (06:52 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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