What happened? UU''s CMD focused on delivery of the investment program over the next five years. No new financial guidance was provided with management noting the guidance previously provided for targeted outperformance of ''at least 100bps'' over AMP8 was more detail than provided at the same stage in AMP7. The CFO highlighted UU is outperforming on financing with debt issuance to date and that this is one of the reasons for confidence around the delivery of targeted outperformance, but there was no breakdown of targeted outperformance across the various components. The event was not webcast although we understand some videos will be uploaded to the website over the coming weeks. Summary of key topics of discussion . Simpler, smarter, better: This was the mantra of the day, better'' with emphasis on standardisation of designs with modular solutions to enable rapid deployment. . Delivery models: Management emphasised the use of different models for delivery; an ''enterprise'' model will be adopted for the largest projects, a ''design and build'' model which underpinned AMP7 will be used for medium sized projects and a ''build only'' approach using regional partners for the smallest projects (80% of CSO projects will be completed under this model). The CEO of Costain, one of UU''s enterprise partners which has worked with UU since AMP4, was present for a QandA session; the key takeaway being he believes UU has put together a high-quality plan and the alignment between partners under the enterprise model should ensure a collaborative approach to delivery. . ''Rightsourcing'': An emphasis was placed on ''rightsourcing'' rather than focusing on insourcing our outsourcing. UU intends to undertake projects in-house where it believes that offers the best/cheapest option and will use the supply chain where that is best suited; there is no ''one size fits all'' approach. . Cunliffe: On regulation UU anticipates the final version of the Cunliffe report should come in 5-6...