Water companies count the cost of the FD
- From: Vol 11, Issue 2 (February 2010)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Agbar, Bristol Water, Kelda, Ofwat, Severn Trent, Standard & Poor’s, United Utilities and Welsh Water
The full impact of Ofwat’s final determination is beginning to be felt by the English and Welsh water companies. Only one dared to refer the regulator’s decision to the competition authorities.
The UK’s Competition Commission will review the policy of water industry regulator Ofwat for the first time in more than a decade, after Bristol Water rejected the latter’s final price determination for 2010-15.
The water-only company, which is fully owned by Agbar, said Ofwat’s final ruling – which cut its proposed capex programme over the period from the ...
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