National Grid / PPL WPD Investments Merger Inquiry

The CMA investigated and cleared the completed acquisition by National Grid Holdings One plc of PPL WPD Investments Limited.

• From: Competition and Markets Authority
• Published: 10 June 2021
• Last updated: 13 October 2021 — See all updates

• Case type: Mergers
• Case state: Closed
• Market sector: Energy
• Outcome: Mergers - phase 1 clearance
• Opened: 10 June 2021
• Closed: 13 October 2021

Statutory timetable

Phase 1	Action
13 October 2021	Decision published
1 September 2021	Decision announced
9 August 2021	Revocation of initial enforcement order
13 July 2021 to 26 July 2021	Invitation to comment
13 July 2021	Launch of merger inquiry
9 June 2021	Initial enforcement order

CMA clearance decision

1 September 2021: The CMA has cleared the completed acquisition by National Grid Holdings One plc of PPL WPD Investments Limited.

• Full text decision (13.10.21)

Revocation of initial enforcement order

9 August 2021: In view of the evidence available to the CMA at this stage, the CMA has revoked the initial enforcement order.

• Revocation Order (10.8.21)

Launch of merger inquiry

13 July 2021: The CMA announced the launch of its merger inquiry by notice to the parties.

• Commencement notice (13.7.21)

Invitation to comment: now closed.

13 July 2021: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

Initial enforcement order

9 June 2021: The CMA has served an initial enforcement order under section 72(2) of the Enterprise Act 2002 in relation to the completed acquisition by National Grid Holdings One plc of PPL WPD Investments Limited

• Initial enforcement order (10.6.21)

Amendments/consents granted

• Derogation 22 July 2021 (29.7.21)
• Derogation 22 July 2021 (29.7.21)
• Derogation 9 July 2021 (29.7.21)
• Derogation 9 July 2021 (13.7.21)
• Derogation 9 July 2021 (13.7.21)
• Derogation 6 July 2021 (13.7.21)
• Derogation 11 June 2021 (18.6.21)
• Derogation 11 June 2021 (18.6.21)

Contact

Please send written representations about any competition or public interest issues to [email protected].

Published 10 June 2021
Last updated 13 October 2021 + show all updates

1. 13 October 2021

   Full text decision published.

2. 1 September 2021

   Clearance decision announced.

3. 10 August 2021

   Revocation of initial enforcement order published.

4. 29 July 2021

   Derogations published.

5. 13 July 2021

   Launch of merger inquiry announced.

6. 18 June 2021

   Derogations published.

7. 10 June 2021

   First published.