Decision details

SDEN Mid-Year Performance and Finances

Decision Maker: Sutton Shareholdings Board

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

Mid-year summary of the company's finances and performance against the business plan

Decisions:

Amanda Cherrington, Managing Director of Sutton Decentralised Energy Network (SDEN) Ltd, introduced the report.

 

The board noted that recent heat outages had occurred when the temporary energy centre was in use and that both the temporary centre and the new permanent centre are the contractual responsibility of the developer until such time as SDEN is able to provide its own heat source. It was noted that the introduction of SDEN’s heat source would likely be completed in the near future. It was also noted that SDEN was pursuing further connections with its network with local sites to increase its customer base.

 

RESOLVED:

1.    To note the performance update contained in the Sutton Decentralised Energy Network Performance Report in Appendix A.

2.    To note the Sutton Decentralised Energy Network Risk Register in exempt Appendix B.

3.    To note the Sutton Decentralised Energy Network Ltd Filleted Annual Accounts for 2019/20 in Appendix C.

Report author: Amanda Cherrington

Publication date: 30/11/2020

Date of decision: 20/10/2020

Decided at meeting: 20/10/2020 - Sutton Shareholdings Board

Accompanying Documents: