Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Power utility National Grid said it would look to provide further evidence to the UK's energy regulator to support its view of the costs of the the Hinkley-Seabank project.
The project involves building the transmission line for the Hinkley Point C nuclear plant.
Regulator Ofgem on Tuesday said it would grant National Grid £637m to build the transmission line, below the £717m it had requested.
'We will review the consultations in detail and will continue to work with Ofgem as part of the ongoing RIIO-T2 negotiation to reach an appropriate outcome that offers value to consumers as well as providing a fair balance of risk and reward,' National Grid said.
'These consultations on Hinkley-Seabank do not affect the delivery of the project, which is progressing well.'
At 1:21pm: (LON:NG.) National Grid PLC share price was +5.6p at 889.4p