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    Deepa Venkateswaran

    Research Analyst at Bernstein

    Deepa Venkateswaran is Senior Vice President, Managing Director, and Senior Analyst at Bernstein, leading coverage of European Utilities and Clean Energy sectors. She specializes in analyzing major companies within the utilities industry, and her research has been consistently recognized for excellence, contributing to Bernstein’s top ranks in quality surveys such as Institutional Investor. Deepa joined Bernstein in 2013, previously bringing sector expertise from her tenure at McKinsey & Company and holds an MBA in Finance from London Business School. Professionally credentialed as an Associate Chartered Accountant (ACA), she is regarded for both her independent analysis and substantial industry impact.

    Deepa Venkateswaran's questions to NATIONAL GRID (NGG) leadership

    Deepa Venkateswaran's questions to NATIONAL GRID (NGG) leadership • Q2 2024

    Question

    Asked about the return expectations for the newly won offshore wind project in New York, the company's comfort level with the East Coast offshore wind market given recent issues, and expectations for the upcoming Ofgem consultation on debt indexation.

    Answer

    The executives explained their offshore wind bid reflected current supply chain realities and that the project must meet return hurdles above regulated businesses. They retain the option to exit up to the final investment decision. On the Ofgem consultation, they believe the regulator is taking a balanced approach, recognizing the importance of inflation in the regulatory framework while considering various options.

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    Deepa Venkateswaran's questions to United Utilities Group (UUGRY) leadership

    Deepa Venkateswaran's questions to United Utilities Group (UUGRY) leadership • H1 2016

    Question

    Deepa Venkateswaran from Bernstein asked for clarification on the new, tougher TCQi index methodology, requesting a comparison to the previous year's performance under the new rules. She also asked what specific actions, beyond waiting, the company would take to improve its SIM scores following the water quality incident.

    Answer

    CEO Steve Mogford explained that the new TCQi methodology is about 5 percentage points tougher, now including a totex measure and a broader base of projects. Regarding SIM scores, he stated that the company is focusing more on how complaints are handled and improving communication, noting that underlying performance was improving before the incident and expressing confidence in a recovery.

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