Following recent and ongoing discussions, the Regulator has placed us on its ‘gradings under review’ list.
This means that our current G1/V2 grading is now under review while the Regulator investigates matters which may impact on our compliance with their Governance and Financial Viability Standard.
Ian Wardle, A2Dominion’s Chief Executive Officer, said: “We’ve already been working closely with the Regulator and will continue to do so following their decision to review our grading. This includes some matters that we have brought to their attention.
“We know we have some areas to improve upon and this will continue to be our focus.”
We will share a further update with customers once we know the outcome of their review.