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Xose r ve F GO Update on F GO outputs to UNC 565 wor kgr oup 21 st Mar c h 2016 DRAFT: for discussion Ag e nda 1. Ove ra ll summa ry of prog re ss 2. Oblig a tions 3. Contra c ts 4. Corpora te Gove rna nc e 5. CDS Gove rna nc e

  1. Xose r ve F GO Update on F GO outputs to UNC 565 wor kgr oup 21 st Mar c h 2016 DRAFT: for discussion

  2. Ag e nda 1. Ove ra ll summa ry of prog re ss 2. Oblig a tions 3. Contra c ts 4. Corpora te Gove rna nc e 5. CDS Gove rna nc e 6. Busine ss Pla nning a nd Budg e ting 7. Cha rg ing a nd Cost Alloc a tion 8. Ong oing c ommunic a tion 1

  3. Summa ry of prog re ss T he F GO Pro g ra mme Ma na g e r ha s b e e n a ske d to a tte nd UNC 565 wo rkg ro up to pro vide upda te o n wo rk do ne unde r F GO. A sig nific a nt a mo unt o f pro g re ss ha s b e e n ma de o n this pro g ra mme a s a re sult o f the e ffo rt put in b y a ra ng e o f sta ke ho lde rs. Ofg e m’ s de c isio n le tte r o f Oc to b e r 2013 c la rifie d the ne e d fo r Xo se rve to intro duc e c o o pe ra tive a rra ng e me nts a nd ma ke a ll use rs a c c o unta b le fo r the CSP. T he fo llo wing o ve ra rc hing do c ume nts ha ve b e e n e ndo rse d b y POB: nitia tio n Do c ume nt  - Pro g ra mme I Blue print se tting o ut ta rg e t o pe ra ting mo de l  - - T ra nsitio n Pla n se tting o ut 2 pha se a ppro a c h to F GO de live ry (2016/ 17 tra nsitio n ye a r ive )  a nd 2017/ 18 full Go L - L e tte r to Ofg e m se tting o ut risks to F GO fro m CMA e nq uiry a nd fa ste r switc hing pro g ra mme  De pe nde nc ie s ma p  - DRAFT: for discussion 2

  4. Summa ry of prog re ss (2) Unde r the POB sit 5 diffe re nt wo rkstre a ms a s fo llo ws: - Ob lig a tio ns a nd c o ntra c ts - Xo se rve c o rpo ra te g o ve rna nc e - Ce ntra l Da ta Se rvic e s (CDS) g o ve rna nc e - Busine ss pla nning a nd b udg e ting - Cha rg ing a nd c o st a llo c a tio n With the la unc h o f 565 mo dific a tio n, the pla n is fo r the o utput o f thre e o f the se wo rkstre a ms to b e ha nde d o ve r to the 565 wo rkg ro up no w, so tha t the y c a n b e fina lise d a nd inc o rpo ra te d into the mo dific a tio n pro po sa l tha t will g o to pa ne l a nd the n Ofg e m in Se pte mb e r/ Oc to b e r. T he se re la te to : - Ob lig a tio ns a nd c o ntra c ts - CDS g o ve rna nc e - Busine ss pla nning a nd b udg e ting DRAFT: for discussion 3

  5. Oblig a tions Aim - At pre se nt a ll UNC o b lig a tio ns fo r GT a g e nc y se rvic e s a re the re spo nsib ility o f the GT s - F GO pro vide s a n o ppo rtunity to re vie w whe re the se o b lig a tio ns sit, a nd whe the r c ha ng e s a re ne e de d to pro vide g re a te r tra nspa re nc y, inc lusivity a nd invo lve me nt o f a ll use rs Pr ogr e ss and outputs a b le a llo c a ting ASA se rvic e line s to c o nstitue nc ie s (e ndo rse d b y POB 30 th Oc to b e r)  - T - Wo rkg ro up re vie we d 300+ se rvic e line s o f the ASA re la te d to c e ntra l da ta se rvic e s - T his ha s b e e n a n ite ra tive pro c e ss with the wo rkg ro up re a c hing a n a g re e d vie w fo r furthe r disc ussio n o n e a c h se rvic e line - Disc ussio n o n ho w to a llo c a te o b lig a tio ns ha s fo c use d o n whe the r o b lig a tio ns sho uld b e a llo c a te d b a se d o n use o f the se rvic e / b e ne fit fro m the se rvic e / a b ility to influe nc e the de live ry o f the se rvic e . - Ge ne ra lly the g ro up ha s a g re e d tha t the se thre e c o mpo ne nts a re linke d, a nd ha ve a llo c a te d o n the b a sis o f tho se who b e ne fit fro m a se rvic e a nd influe nc e ho w it is de live re d Ne xt ste ps - Allo c a tio n ta b le with la te st po sitio n se t o ut fo r e a c h o f 300+ se rvic e line s ha nde d o ve r to UNC 565 wo rkg ro up fo r yo u to pro g re ss  DRAFT: for discussion 4

  6. Contra c ts Aims: - T he c urre nt ASA is a c o ntra c t b e twe e n Xo se rve a nd the GT s - F GO pro vide s a n o ppo rtunity fo r a re vie w o f the se c o ntra c tua l a rra ng e me nts, in pa rtic ula r to pro vide g re a te r tra nspa re nc y, inc lusivity a nd invo lve me nt fo r a ll use rs o f CDS se rvic e s Prog re ss a nd outputs: - E xc e l ta b le hig hlig hting po te ntia l a re a s o f c ha ng e fo r e a c h ASA sc he dule a nd c o ntra c t fro nt e nd  - Summa ry o f wo rkg ro up disc ussio ns a ro und ne c e ssa ry c ha ng e s to ASA (pre se nte d to POB o n 11 th Se pte mb e r)  - T he c o ntra c t wo rkg ro up spe nt se ve ra l se ssio ns re vie wing the ASA fro nt e nd a nd e a c h sc he dule - T he g ro up disc usse d a nd ide ntifie d po te ntia l a re a s o f c ha ng e ne e de d to imple me nt F GO - T his wa s a n ite ra tive pro c e ss whic h a ssume d tha t the ASA wo uld b e a use ful sta rting po int fo r the ne w c o ntra c t DRAFT: for discussion 5

  7. Contra c ts (2) Prog re ss a nd outputs (c ontinue d): - T he a im wa s to pro vide a vie w a nd ide a s tha t c o uld b e use d b y le g a l e xpe rts in dra fting the ne w c o ntra c t he fina l wo rkg ro up wa s he ld o n 17 th Aug ust, with a pre se nta tio n to POB o n 11 th - T Se pte mb e r Ne xt ste ps: - We a re ha nding o ve r the ta b le s hig hlig hting a re a s whe re the ne w c o ntra c t c o uld de pa rt fro m the ASA  - Assumptio n is tha t this wo rk will b e ta ke n fo rwa rd b y Xo se rve with De nto ns, b ut tha t c lo se wo rking with the UNC wo rkg ro up is e sse ntia l DRAFT: for discussion 6

  8. Corpora te Gove rna nc e Aims: - T he c urre nt Xo se rve b o a rd inc lude s 6 GT -a ppo inte d dire c to rs - F GO pro vide s the o ppo rtunity to a me nd the c o nstitutio n a nd o pe ra tio n o f Xo se rve ’ s c o rpo ra te g o ve rna nc e a rra ng e me nts, spe c ific a lly fo r the a ppo intme nt o f shippe r- no mina te d dire c to rs fro m 2016 a nd iGT invo lve me nt in a ppo intme nt fro m 2017 Prog re ss a nd upda te s: e rms o f Re fe re nc e ha ve b e e n de ve lo pe d thro ug h wo rkg ro up  - Re vise d T his wa s a n ite ra tive pro c e ss with a fina l wo rkg ro up o n 21 st Se pte mb e r, a nd e ndo rse d - T b y POB o n 13 th No ve mb e r - T he se T e rms o f Re fe re nc e we re pa sse d to Xo se rve to re fle c t in the ir upda te d c o nstitutio na l do c ume nts o n 20 th No ve mb e r Re vise d se t o f c o nstitutio na l do c ume nts wa s c irc ula te d o n 5 th F e b rua ry  - - F o r the tra nsitio n ye a r, the Shippe r No mina tio ns Co mmitte e ha s b e e n e sta b lishe d a nd the pro c e ss is unde rwa y- the pro c e ss wa s e ndo rse d b y POB o n 11 th De c e mb e r a nd is inc lude d in this slide pa c k  DRAFT: for discussion 7

  9. Corpora te Gove rna nc e (2) Ne xt ste ps: - F urthe r wo rk is ne e de d to c o nfirm the c o nstitutio n a nd o pe ra tio n o f the b o a rd o n a n e nduring b a sis fro m April 2017 - Curre nt vie w is tha t this will b e a n F GO wo rkg ro up with upda te d T e rms o f Re fe re nc e b e ing pa sse d to Xo se rve via POB - A re vise d se t o f c o nstitutio na l do c ume nts will the n fo llo w - K e y to suc c e ss will b e to le a rn fro m the o pe ra tio n o f the b o a rd in 2016/ 17 DRAFT: for discussion 8

  10. Shippe r nomina tions proc e ss Once process is Head-hunter is to Role specification to be underway, FGO provide the nominations determined by the Members of the committee Programme will engage committee with a list of nominations committee confirmed as two reps each with non association individuals that meet the – working with Xoserve from Energy UK and ICOSS shippers to invite specification and the head-hunter involvement The nominations committee All gas shippers will be Nominations will distil the long list down Agree specification Identify long list notified in writing of the committee formed to a short list (could be in short list consultation with industry reps). Shippers will be able to To rank the candidates and raise a written objection to Gas shipper form the shortlist, objective anyone on the short list, Propose short list licensees advised of Objections process scoring criteria will be with the nominations short list developed committee given a chance to respond in writing to specific objections. If any objections remain, Nominations Shippers will take a vote, Xoserve will be advised of Open meeting held committee select up Xoserve advised of with a 2/3rds majority the Shipper proposed – all gas shippers to four Directors nominees and move needed to uphold an nominees and will objection. The meeting will invited from the ratified to appointment commence their then ratify the proposed short list appointment process, nominees. including seeking Board approval of the nominations DRAFT: for discussion 9

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