Fulcrum Utility Services Ltd Fulcrum granted iDNO licence by Ofgem (8417V)
08 November 2017 - 6:00PM
UK Regulatory
TIDMFCRM
RNS Number : 8417V
Fulcrum Utility Services Ltd
08 November 2017
08 November 2017
FULCRUM UTILITY SERVICES LIMITED
("Fulcrum" or the "Company")
Fulcrum granted independent Distribution Network Operator (iDNO)
licence by Ofgem
Fulcrum Utility Services Limited, the UK's market leading
independent multi--utility infrastructure and services provider,
today announces that its operating subsidiary, Fulcrum Electricity
Assets Limited (FEAL), has been granted an independent Distribution
Network Operator (iDNO) licence by the Office of Gas and
Electricity Markets (Ofgem).
The industry qualification processes, which will formally enable
the Company to adopt and own electrical assets, are well underway
and on-track. Completion is expected in early 2018.
Martin Harrison, Chief Executive Officer of Fulcrum, said: "The
granting of this iDNO licence is an important strategic step for
Fulcrum, allowing it to broaden and increase its long--term income
stream through the adoption of the electricity assets in addition
to gas assets."
Enquiries:
Fulcrum Utility Services Limited +44 (0)114
Craig Baugh, Head of Marketing and 280 4150
Customer Engagement
Cenkos Securities plc (Nominated adviser +44 (0)20 7397
and broker) 8900
Max Hartley (Nomad) / Nick Searle (Sales)
Camarco (Financial PR advisers) +44(0)203 757
Ginny Pulbrook / Tom Huddart 4992
Notes to Editors:
Fulcrum is a multi-utility infrastructure and services provider
based in Sheffield, UK. The Company's primary business is the
provision of utility infrastructure services to the residential,
commercial and industrial markets throughout the main land UK.
These range from the design, installation or alteration of utility
services for single site properties to large complex multi-site
projects. Through its subsidiary, Fulcrum Pipelines Limited,
Fulcrum is also licensed as an Independent Gas Transporter, owning
and operating gas pipelines that connect properties to the main UK
gas networks, and a meter asset manager.
http://www.fulcrum.co.uk/
This information is provided by RNS
The company news service from the London Stock Exchange
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