Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 22 October 2024, Gwynt y Môr OFTO plc submitted an Income Adjusting Event (IAE) Notice to Ofgem in relation to subsea export cable 3 (SSEC3), seeking recovery of further uninsurable costs arising from a latent defect in the PE sheath of the fibre optic cable and the complex Stage 3 repair, including PBCE interest costs totalling approximately £0.36 million, and requesting a revenue adjustment from the 2025/26 regulatory year.