Fitch Ratings views CMA appeals outcome as credit-positive for Anglian Water and Yorkshire Water
Fitch Ratings has this morning confirmed that it views the outcome of the Anglian Water and Yorkshire Water appeals to the Competition and Markets Authority (CMA) as credit-positive and that the ratings remain unchanged.
PR19 appeals - Anglian Water welcomes CMA recognition that a “different approach to funding growth is needed”
In response to the Competition and Markets Authority’s final findings in the 2019 Price Review appeals published today, Anglian Water has welcomed the CMA’s recognition “that a different approach to funding growth is needed.”
Yorkshire Water: CMA summary conclusion will allow investment to address long-term challenges
Yorkshire Water said the Competition and Markets Authority's summary of conclusions regarding its Final Determination (FD) in the PR19 appeals will allow it the scope to make the optimum investment decisions in AMP7 to address longer term challenges such as climate change and projected growth in the region.
Ofwat on PR19 appeals - consumer voice “drowned out” and submissions increasingly “dominated by well-resourced company and investor voice”
In its final comments to the Competition and Markets Authority in the PR19 appeals inquiry, Ofwat has told the CMA that the latest stages of the process have seen the consumer voice “drowned out” with the submissions made to the CMA “increasingly…dominated by the well-resourced company and investor voice.”
Ofwat tells CMA - PR19 appeals ”dominated by the well-resourced company and investor voice"
Ofwat has told the Competition and Markets Authority that the submissions made to it in the current PR19 water companies’ appeals have ”increasingly been dominated by the well-resourced company and investor voice, on occasion to the exclusion of other perspectives.”
IFM Investors (UK) Ltd warn over “doubt on stability and long-term attractiveness" of UK water sector
Pension funds group IFM Investors (UK) Ltd, one of the largest infrastructure investors globally, is warning the Competition and Markets Authority of its doubts over the stability and long-term attractiveness of the UK water sector.
PR19 appeals - UK pension funds investors warn UK water sector investment is “perilously close to the edge”
UK pension funds investors GLIL Infrastructure LP (GLIL) has warned the Competition and Markets Authority that investment in UK regulated utilities is “perilously close to the edge …leading to a negative cycle of low investment, poor returns, inability to attract and motivate strong management teams."
PR19 appeals - CMA consults on potential changes to cost of capital in its Provisional Findings
The Competition and Markets Authority (CMA) has launched a short consultation following extensive representations by the four companies appealing against Ofwat’s PR19 decisions, the regulator and other stakeholders on its Provisional Findings – specifically on the cost of capital.
News Showcase
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Albion Water appoints new Director of Business Development
Albion Water, the first NAV (New Appointment & Variation) to have been established in1999 and now under the ownership of SDS Water Group, has appointed Andy Holland as its new Director of Business Development. -
Webinar to explore moving indirect potable water reuse to full implementation
UK water companies are invited to join an upcoming webinar which will explore how the sector can take indirect potable reuse (IPR) from concept to full-scale operational reality. -
Kohtari CEO says joined-up water intelligence needed to predict, not just react - not more data
James Sumsion, CEO of predictive water intelligence specialists Kohtari, says the water sector needs to take a giant leap forward, so that it can anticipate and act upon water quality issues - rather than merely react. -
IED compliance – using automated sliding floodgates to support secondary containment at water and sewerage company sites
Ray Moulds, Sales Director at Flood Control International, takes a look at how automated sliding floodgates are supporting secondary containment at water and sewerage company sites.
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