Ofwat approval for Glas
- From: Vol 2, Issue 8 (August 2001)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Dwr Cymru and Glas Cymru
GLAS CYMRU has met the regulator’s six conditions required for ownership of Dwr Cymru, according to Philip Fletcher, director general of water services.
In an open letter to Lord Burns, chairman of Glas Cymru, Fletcher said he is content that the six conditions have been met.
These are that Glas has given consent to Ofwat’s proposed licence modifications, quantified potential rebates to customers and set a timescale for payment, published a remuneration scheme for directors, limited itself to the single purpose of ...
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