From the 1st April 2018 we will be reducing the TEC at Peterhead to zero. The cancellation of our TEC at this time is a risk mitigation measure to avoid a substantial cancellation charge if we were to cancel later in the year, once we have completed our review of the stations future, which we announced on 6 February 2017. We will reapply for TEC and subject to receiving a satisfactory offer from NGET, reinstate TEC should our review conclude that the station has an enduring future.
The information that is set out on these pages is provided pursuant to Regulation (EU) 1227/2011 and associated guidance. The provision, reading or use of the information neither establishes a contract nor creates a unilateral guarantee. Nor does the provision of information constitute the furnishing of investment advice, or an invitation to buy or sell goods, derivatives or (other) financial instruments. If any provisions of this disclaimer shall be unlawful, void or for any reason unenforceable then that provision shall be deemed severable and shall not affect the validity and enforceability of the remaining provisions. This disclaimer is given on the basis of English law and shall be subject to the exclusive jurisdictions of the English courts.