Economic regulation

'Costs and revenues of franchised passenger train operators in the UK' compares for the first time the expenditure of the 19 franchised Train Operating Companies (TOCs),

This annex provides information about Network Rail's historic income, expenditure and efficiency. The information is for GB and where possible England & Wales and Scotland separately. More detail about Network Rail and Railtrack's income and expenditure can be found in its regulatory accounts, which are available on Network Rail's website. Chart [B1]: OMR expenditure from 1995-96 to 2011-12 (Great

This annex provides information about Network Rail's historic income, expenditure and efficiency. The information is for Great Britain and where possible England & Wales and Scotland separately. More detail about Network Rail and Railtrack's income and expenditure can be found in its regulatory accounts, which are available on Network Rail's website. Chart A1: OMR expenditure from 1995-96 to 2012

Our long-term regulatory statement – 'Opportunities and Challenges for the Railway' – discusses how our regulation may develop in line with the changing shape of the industry, and identifies priorities for the growth and sustainability of Britain's railways. Railways have been a major success story for the past decade. Passenger demand is at the highest ever and freight numbers are growing. This

On 30 July 2007, we imposed a penalty of £2.4m for Network Rail's breach of its licence in failing adequately to evaluate and mitigate the risks associated with the Portsmouth resignalling project and to manage its contractor in line with best practice. The documents below provide more background to our decision. Portsmouth Resignalling - enforcement - letter to NR 6 Sep 2007 Portsmouth

On 2 March 2006, we imposed a fine of £250,000 on Network Rail for its failure to ensure the information it made available to the industry on the capability of its infrastructure was accurate. Infrastructure Capability - letter to NR regarding completion of final milestones in the recovery plan PDF icon PDF, 103 Kb 10 Jan 2008 Infrastructure Capability - Breach of Network Licence - Letter from

On 13 May 2008, we imposed a penalty of £14m on Network Rail because of systemic weaknesses in Network Rail's planning and execution of engineering work which represented a serious and continuing breach of its licence. These problems were exposed in our investigation into the overruns into the New Year. Improving project delivery - 2010 Audits - ORR letter to Network Rail 15 Jul 2010 Improving

The initial industry plans On September 2011, Network Rail with its industry partners published two ' initial industry plans' (IIPs) – one for England & Wales and one for Scotland. These set out the industry's strategies in England & Wales and Scotland for the long-term, with a focus on what could be delivered in the next control period (CP5). Our analysis of the IIPs was a key component of our