15 April 2014 Company name ESB Finance Limited Headline Northern Ireland Electricity (NIE) Price Control Determination ISIN Numbers XS0492262844, XS0827573766, XS0856023493 and XS0992646918 Electricity Supply Board (ESB) welcomes the publication today of the United Kingdom Competition Commission’s final determination in respect of ESB’s subsidiary Northern Ireland Electricity’s RP5 Price Controls. The Commission’s report can be found at www.gov.uk/cma-cases/northern-ireland-electricity-price-determination . The final determination covers NIE’s transmission and distribution price controls which will apply for the period from 1 April 2012 to 30 September 2017. A key aspect of the Commission’s determination is the closer alignment of the regulatory framework and reporting arrangements in Northern Ireland to those applied by Ofgem, the British energy regulator, to utilities in Great Britain. NIE fully supports this change, which should facilitate future price control reviews, and looks forward to working closely with the Utility Regulator in implementing the Commission’s decision. ESB expects to issue a further update to investors by the end of April 2014 once the full detail of the determination has been analysed. For further information, please contact: Bernardine Maloney, ESB Corporate Communications Manager Tel: + 353 1 702 6009 E-mail: [email protected] Deirdre Shields, Manager, Investor Relations & Credit Rating Tel: + 353 1 702 7723 E-mail: [email protected] Further details on ESB can be found at www.esb.ie
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