INVESTMENT

OPEN SEASONS

None running or planned.

FUTURE INVESTMENT IN THE INTERCONNECTOR

Under existing contractual arrangements, an IUK Shipper may request that Interconnector invests in an enhancement of the pipeline's capacity. If such a request is received, Interconnector will first consult its Shippers to see if there are any who may be willing to dispose of Capacity Rights, which might fully or partially satisfy the requirement for additional capacity. If following consultation it is clear that IUK Shippers are not willing to release such Capacity Rights, IUK will canvass support for the proposed enhancement and develop a detailed proposal for the project.

IUK will endeavour to proceed with an enhancement as long as that enhancement does not prejudice (amongst other things) the operation of its existing facilities or IUK's compliance with all applicable regulatory requirements.

In addition, and as required by the terms of IUK’s Interconnector Licence, a request from a third party for access to the Interconnector, which could only be granted following a further enhancement of system capacity, will be given proper consideration as to the technical and economic feasibility of such enhancement.

There are currently no capital investment plans for the Interconnector.

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