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Bristol Energy Limited Business Plan 2019/20
Meeting: 02/04/2019 - Cabinet (Item 20.)
20. Bristol Energy Limited Business Plan 2019/20 - 2023/24 PDF 131 KB
Additional documents:
- 2. 19 03 22 Appendix A1. BE Business Plan 19_20 BE Further information about proposalvFINAL, item 20. PDF 77 KB
- 3. Appendix A2. Public Business Plan Year in review 18_19 Final with Cover, item 20. PDF 18 MB
- 4. Appendix B. Details of consultationvFINAL, item 20. PDF 44 KB
- 5. 21032019 Equalities Relevance Check Bristol Energy Business Plan, item 20. PDF 227 KB
- 6. Exempt appendix J1 2019-20 Business Plan _Full_220319 FINAL , View reasons restricted (20./6)
- 7. 19 03 22 EXEMPT APPENDIX J2 - BE Detailed Financial Commentary FINAL , View reasons restricted (20./7)
Decision:
1. Cabinet approved the 2019/2020-2023/2024 business plan of Bristol Energy Limited, attached as Appendix A2 and Exempt Appendix J1, including the approval of the following in respect of the business plan period:
A. Increasing the total cash funding envelope available for BE from the previously approved £31.3m to £37.7m, to support the core energy supply business (for the avoidance of doubt, this total cash funding includes any funding provided to BE to date).
B. In respect of the total cash funding envelope, delegating to Director of Finance (s 151 Officer) in consultation with the Deputy Mayor for Finance and the Director of Legal and Democratic Services, authority to: (a) agree any phasing of the draw-down and other details of individual funding arrangements, and (b) negotiate, sign and enter into the necessary contract and agreements (including appropriate loans and guarantees in respect of such funding envelope).
2. Cabinet noted that the limit of the parent guarantees and collateral support will remain at previously approved level of £17.6m.