Board Decisions

A summary of decisions taken by the Board of Gas Networks Ireland since October 2015 is set out below:

Board Meeting of GNI dated 25 June 2018

The following decisions were taken by the Board:

  1. Approve the appointment of Mr. Andrew McCrea Director to the Board of GNI (UK) Limited.

 

Board Meeting of GNI dated 31 May 2018

The following decisions were taken by the Board:

  1. Approved a settlement and additional expenditure on the Cluden to Brighouse Bay Pipeline Project.

 

Board Meeting of GNI dated 24 May 2018

The following decisions were taken by the Board:

  1. Approved the award of the Northern Ireland Operations and Maintenance Service Contract.
  2. Approved proposed changes to ENTSOG and GIE representatives.

 

Board Meeting of GNI dated 21 May 2018


The following decisions were taken by the Board:

  1. Approved an increase in expenditure on the Cluden to Brighouse Bay Gas Pipeline Project.

 

Board Meeting of GNI dated 20 April 2018

The following decisions were taken by the Board:

     1. Approve a capital budget for the Phase 1 Project regarding the construction of a pipeline from Athlone, Co. Westmeath to a new Center Parcs resort in Ballymahon.

 

Board Meeting of GNI dated 28 March 2018

The following decisions were taken by the Board:

      1. Approve the company’s entering  into arrangements in respect of the Mayo-Galway Telecommunications Project.

 

Board Meeting of GNI dated 26 March 2018

The following decisions were taken by the Board:

  1. Approve the Gas Networks Ireland financial statements for the year ended 31st December 2017 and the associated letter of representation.
  2. Approve an addendum to the auditor’s letter of engagement.
  3. Approve the payment of an annual dividend for the financial year ended 31st December 2017.
  4. Approve the use of a standard Trading Platform Transactions Agreement as the contract under which Gas Networks Ireland will undertake such trading platform transactions with Gas shippers.
  5. Approve the entry by Gas Networks Ireland into a Deed of Transfer in respect of two compressed natural gas dispensers.
  6. Approve the appointment of the interim Gas Networks Ireland Managing Director as a Director of GNI (UK) Limited.

 

Board Meeting of GNI dated 26 February 2018

The following decisions were taken by the Board:

  1. Approve the submission of the 2017 GNI draft unaudited, unapproved and abridged financial statements to the Department of Housing, Planning and Local Government.
  2. Approve a variation to the existing polyethylene pipe and fittings Framework Agreement.
  3. Approve the award of a balancing sell gas contract.

 

Board Meeting of GNI dated 29 January 2018

The following decisions were taken by the Board:

  1. Approve the entry by GNI into a €200M loan facility with the European Investment Bank.

 

Board Meeting of GNI dated 11 December 2017

The following decisions were taken by the Board:

  1. Approve a capital commitments budget for Gas Networks Ireland for 2018.
  2. Approve the appointment of a Director to the Gaslink Board.
  3. Approve the entry by Gas Networks Ireland into a fax indemnity with Allied Irish Banks plc.
  4. Approve the 2016 Regulatory Financial Statements, Letter of Representation and Letter of Engagement.

 

Board Meeting of GNI dated 27 November 2017
 
The following decisions were taken by the Board:
  1. Approve the 2018 Budget for Gas Networks Ireland.
  2. Approve the award of a Shrinkage Gas contract to Gazprom for the calendar year 2018, with the option to extend for a further six months.
  3. Approve the appointment of a Compliance Officer for Gas Networks Ireland in accordance with the provisions of licenses issued by the CRU. 

 

Board Meeting of GNI dated 23rd October 2017 

The following decisions were taken by the Board: 

  1. Approving the entry by GNI into amended and restated facility agreements with GNI (UK) Limited relating to certain intercompany facility agreements relating to various projects. 
  2. Approving the payment of stamp duty to HMRC, associated with the purchase by GNI of a property situate in Co. Antrim. 

 

Board Meeting of GNI dated 25th September 2017

The following decisions were taken by the Board:

  1. Approving the submission of the draft GNI valuation to NewERA for consideration.
  2. Approving the submission of unaudited semi -annual Financial Statements to GNI’s lenders.

 

Board Meeting of GNI dated 15th September 2017

The following decisions were taken by the Board:

  1. Approving the submission of the draft Gas Networks Ireland Business Plan 2017 – 2022 to the relevant Ministers and NewERA.

 

Board Meeting of GNI dated 30th August 2017

The following decisions were taken by the Board:

 

  1. Approving the acquisition by Gas Networks Ireland of the remaining sections of the site of the former gasworks in Limerick currently owned by Ervia; and
  2. Approving the adoption of Ervia’s revised Enterprise Risk Management Policy.

 

Board Meeting of GNI dated 24th July, 2017

The following decisions were taken by the Board:

  1. Approving the appointment of GNI personnel as representatives of GNI in Gas Infrastructure Europe (GIE);
  2. Approving amendments to GIE’s Articles of Association;
  3. Approving the appointment of a Gas Emergency Officer pursuant to the Electricity Regulation Act 1999.

 


Board Meeting of Gas Networks Ireland dated 23rd June 2017
The following decisions were taken by the Board:

  1. Approving the 2016 Financial Statements.
  2. Approving the 2016 Letter of Representation in respect of the 2016 Financial Statements.
  3. Approving the payment of a dividend of €48.44m for the financial year ended 31 December 2016 to Ervia.

 

Board Meeting of Gas Networks Ireland dated 29th May 2017
The following decisions were taken by the Board:

  1. Approving a Capital Commitments Budget for Gas Networks Ireland of €186m for 2017.
  2. Approving the disposal of property at 8C Boltnaconnell Road, Nutts Corner, Antrim, Northern Ireland.

 


Board Meeting of Gas Networks Ireland dated 26th April 2017
The following decisions / actions were taken by the Board:

  1. Approving the award of a Construction Contract for the Gas to Listowel Project to Murphy International Ltd./GMC Utilities Group Ltd. Joint Venture.
  2. Approving an extension to the term and other features of the GNI (UK) Limited Maintenance Contract with Scotland Gas Networks for the South West Scotland Onshore Systems.
  3. Approving an extension to the term and other features of the GNI (UK) Limited Maintenance Contract with Scotland Gas Networks for the transmission network in Northern Ireland.

 


Board Meeting of Gas Networks Ireland dated 27th March 2017
The following decisions / actions were taken by the Board:

  1. (A.) Approving the award of a contract to RKH Specialty Insurance Brokers for the provision of gas infrastructure insurance brokering services to Gas Networks Ireland and its subsidiaries;
    (B.) Approving an insurance premium budget for the placement of GNI gas infrastructure insurance for a four year period up to May 2021.
  2. Approving the appointment of an authorised officer for Revenue Protection.

 

Resolutions passed 20th February 2017
The following decisions were taken by the Board:

  1. Approving additional capital budget for the delivery of the gas and water works to the Wexford Project.
  2. Approving variation to the existing Polyethylene Pipe and Fittings Framework Agreement.


Resolutions passed 12th December 2016
The following decisions were taken by the Board:

  1. Approving capital budget for the construction of a fibre optic network by Aurora Telecom between Cork and Dublin.
  2. Approving the payment of an annual ordinary dividend for the financial year ended 31st December 2015.

 

Resolutions passed 26th October 2016
The following decisions were taken by the Board:

  1. Approving the award of a Shrinkage Gas Contract for the calendar year 2017.
  2. Approving a capital budget to deliver the Gas to Listowel project.
  3. Approving the award of a framework agreement for the supply of smart ready gas credit meters.
  4. Approving marketing expenditure.
  5. Approving the submission by GNI (UK) Limited of a supplementary revenue control submission to the Northern Ireland Authority for Utility Regulation as outlined.

 

Resolution passed 6th October 2016
The following decision was taken by the Board:

  1. Approving the creation and establishment of a Euro Medium Term Note programme under which the company may issue senior unsecured notes.

 


Board Meeting dated 26th September 2016
The following decision was taken by the Board:

  1. Approving a Euro Medium Term Note programme for Gas Networks Ireland and approving note issuances and redemptions.


Board Meeting dated 26th August 2016
The following decisions were taken by the Board:

  1. (A.) Approving the form of the Directors Compliance Policy Statement in accordance with section 225 of the Companies Act 2014 (“the Act”) to be included in the Director’s report for 2016.
    (B.) Agreeing to review and assess the Compliance Policy Statement and Compliance Policy Statement Matrix later in the year in compliance with the Act. 
  2. Approving the adherence of GNI as an associated employer to the Ervia Defined Contribution Scheme.
  3. Approving the appointments of GNI representatives within the European Network of  Transmission System Operators for Gas (ENTSOG).

 

 

Resolutions passed 26th July 2016
The following decisions were taken by the Board:

  1. Approving a variation to the existing Maintenance Contract for the South West Scotland Onshore Systems with Scotland Gas Networks.
  2. Approving the entry into an anchor load connection agreement.
  3. Approving the revised GNI Financial Plan (2016 to 2021).
  4. Approving the conversion of Gas Networks Ireland from an existing private company limited by shares to a “Designated Activity Company”.
  5. Approving the submission by GNI (UK) Limited of its Revenue Control submission to the Northern Ireland Authority for Utility Regulation.
  6. Approving the award of a Construction Contract for the Cluden to Brighouse Bay Pipeline.

 

Resolution passed 8th July 2016
The following decision was taken by the Board:

  1. Approving the Director’s Report and Statement of Accounts for the year ended 31 December 2015.

 

Board Meeting dated 27th June 2016
The following decisions were taken by the Board:

  1. Considering and approving the appointment of a Compliance Officer for the Company.
  2. Deferring the approval of the SWOS Construction Contract pending certain clarifications.
  3. Evaluating going concern considerations in relation to the Company’s financial statements.
  4. Approving a capital budget to deliver gas works for the Wexford town project.
  5. Approving the 2015 Financial Statements and delegating authority to the Chairman and the Company’s Managing Director to sign the 2015 Financial Statements for and on behalf of the Board.
  6. Approving the Letter of Representation and delegating authority to the Chairman and the Company’s Managing Director to sign the Letter of Representation for and on behalf of the Board.
  7. Approving the appointment of an Authorised Officer for Revenue Protection.
  8. Ratifying the execution of a Deed of Variation on 31 March 2016 to the Installation Deed dated 4 December 2015 made between the Minister for Communications Energy and Natural Resources, the Company, Shell E&P Ireland Limited and Roadbridge Limited.
  9. Considering the following: (i) the External Auditors Report on the Company’s 2015 audit and related financial statements; (ii) the Code of Practice for Governance of State Bodies Compliance Reports prepared by the Chairperson and the Managing Director of the Company; (iii) a Report on the Company’s Tax Compliance; and (iv) a Report on Compliance with Licence conditions.

 

Board Meeting dated 15th April 2016
The following decisions were taken by the Board:

  1. Considering the Company Safety Performance Metrics and the significant incidents reported for Q1.
  2. Considering updates on (i) investigations into significant historic incidents; (ii) the National Safety Committee; and (iii) the National Safety Statement.
  3. Considering and approving, pursuant to section 91 of the Electricity Regulation Act 1999 (as amended), the appointment of six named individuals as Gas Emergency Officers and delegating authority to the Managing Director of the Company to revoke any appointment at his absolute discretion.

 

Board Meeting dated 15th March 2016
The following decisions were taken by the Board:

  1. Approving the entry by the Company into a Deed of Variation to the Cable Agreement and such Dark Fibre Licence Agreements and Interim Agreements as considered necessary, in respect of the Mayo-Galway Telecommunications Project.

 

Board Meeting dated 2nd December 2015
The following decisions were taken by the Board:

  1. Considering safety performance metrics presented up to the end of Q3 2015.
  2. Review of significant incidents reported within Q3 2015.
  3. Review of information update on investigations of historic incidents.
  4. Approving the procedure for incident reporting to the Ervia Board.
  5. Review of a recent High Court case.


Board Meeting dated 22nd February 2016
The following decisions were taken by the Board:

  1. Considering and approving the entry by the Company into a Facilities Letter with Allied Irish Banks p.l.c. in respect of the Company’s working capital. 
  2. Approving an intercompany loan between the Company and GNI (UK) Limited in connection with the development and construction of a second pipeline between Cluden and Brighouse Bay compressor station.
  3. Approving the provision of an indemnity in respect of the Limerick Gas Works Remediation Project.
  4. Authorising the Company to negotiate, finalize and execute a letter of engagement in respect of the Company’s financial audit.
  5. Authorising the Company to negotiate and finalize the Lease Agreements, and any ancillary agreements as considered necessary, in respect of Units 6 & 7 Newtown Centre, Annacotty, Limerick.

 

Board Meeting dated 27th November 2015
The following decisions were taken by the Board:

  1. Approving the entry by Gas Networks Ireland into the Cable Agreement and the Installation Agreement in respect of the Mayo-Galway Telecommunications Project.

 

Board Meeting dated 1st September 2015
The following decisions were taken by the Board:

  1. Considering occupational safety metrics and trends presented up to the end of July 2015. 
  2. Review of significant incidents reported within the period April 2015 to July 2015. 
  3. Review of information update on investigations of historic incidents.
  4. Review of key safety objectives/initiatives.
  5. Approving the Networks Safety Policy for alignment with the Ervia Group-wide Safety Policy (PD/76). 
  6. Approving the development of an Ervia-wide health and safety strategy/framework to be driven by each of the businesses collectively. Approved branding for the strategy.