UK POWER NETWORKS acquired by ENGIE

Established in the United Kingdom, UK Power Networks is a leading electricity distribution network operator in the country with 8.5m of customers. The company manages the electrical infrastructure serving London, the South East, and East of England, through several regulated licenses covering some of the most densely populated and dynamic areas of the UK. Its network spans approximately 200,000 kilometers of power lines and cables, with the majority being underground, which contributes to the reliability and resilience of its infrastructure. UK Power Networks delivers electricity to millions of homes, businesses, and industrial sites, while playing a central role in modernizing the UK's energy system. The company operates within a stable regulatory framework, providing it with significant visibility over its investments and revenue streams. Recognized for its operational performance, UK Power Networks has consistently been ranked among the top-performing electricity distributors by the UK regulator in terms of service quality, supply continuity, and customer satisfaction. As the UK accelerates the electrification of its economy and the deployment of renewable energy sources, UK Power Networks is strategically positioned to support the connection of new generation capacity, the growth of electric vehicles, and increasing electricity demand. As a regulated monopoly, its revenue is determined by the "Regulated Asset Value" (RAV) set by Ofgem.