UK companies get ready for 2004 review
- From: Vol 4, Issue 6 (June 2003)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Anglian Water, Ernst & Young, United Utilities and Yorkshire Water
While stories about the industry’s preference for highly geared debt structures have made all the headlines in recent months, water company business managers have been quietly getting on with the task of preparing for the next periodic review.
The UK’s periodic review process is rapidly gathering momentum. Water companies have until August to submit their draft business plans to industry regulator Ofwat and there are indications that the 2004 review – the third since privatisation in 1989 – will be quite different from those of 1994 and 1999.
Water company efficiencies made in the mid- and late-1990s created the ...
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