CMP197: Amendment to Qualifying Guarantor

This Proposal seeks to allow companies who do not meet the current Approved Credit Rating criteria (i.e. BB- or greater of Standard & Poor etc) to provide guarantees. Based on our reading of the CUSC document we should only need to change the wording of the definition of Qualifying Guarantee under Section 11 - Interpretation and Definitions in order to effect this change. This will allow all entities to provide guarantees based on the credit that would be afforded to them under the current criteria in Section 3.26 of the CUSC.

Modification status: Concluded

Last updated: 18 June 2020

Code Administrator Contact: Steve Lam - [email protected]

Governance Route: Standard

Impacts:

* Medium: National Grid Transmission Plc, Industry Parties

Implemented: 10 working days from publication

Documents

Proposal

Workgroup meetings and summary papers

Workgroup Consultation

Sorry, no documents found.

Code administrator consultation

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Draf/Final Modification Report