Northern Ireland energy company Viridian has said its results for the year to the end of March will be in line with expectations.
But the results will be adjusted to take account of an under-recovery in its Northern Ireland Electricity businesses, which are entitled to levels of income determined by the regulatory regime.
Viridian says this has happened because of higher than expected fuel costs, but it describes this as a timing issue which will be recovered in the next financial year through tariffs already agreed for that year.
The company says its power and energy subsidiary, which includes the Huntstown power plant and Energia, expects to report sales of around £200m, up from £161.7m in the previous year, reflecting increased sales in the Republic and Northern Ireland.
Viridian says it is still looking at the possibility of a second station on the Huntstown site.
The company will take an exceptional charge of £3-4m linked to pension liabilities at electrical retailer Lislyn. Viridian sold its 30% stake in Lislyn last May. There will also be an exception gain of £17.7m following the disposal of the Moyle interconnector.
