Credit Investor Presentation
700
£300m additional totex investment in sustainable
performance
Net regulatory capex (£m)
600
500
400
300
200
100
2020/21
2021/22
Base capex
2022/23
Additional capex
2023/24
2024/25
FD capex profile
1. The light blue blocks on the chart amount to c£220m representing the capex elements of the £300m additional totex across the AMP with the remaining c£80m
relating to opex and IRE.
2. £300m additional totex remunerated through c£90m uplift to PR19 allowance, c£105m increasing RCV or AMP8 revenues through totex sharing mechanism and
balance from expected customer ODI rewards. In addition, further potential tax benefits are expected from enhanced capital allowances.
3. AMP7 net regulatory capex excludes IRE
4. The AMP7 net regulatory capex profile shown on the chart does not constitute a forecast and is subject to change
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Credit Investor presentation
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