Ofwat does not re-open price controls on company take-overs (so long as the buyer is not already a water company)

Ofwat note (PDF, 5 pages) on the proposed acquisition of East Surrey Holdings Plc by Kellen Acquisitions Limited and its impact on Sutton and East Surrey Water Plc. Besides the usual tidying up of licence conditions, Ofwat unambiguously rejects a suggestion of a "customer dividend" of £40 to each customer of Sutton and East Surrey Water or any other re-opening of price control decisions.

For further information or advice please contact Franck Latrémolière.

Filed under Ofwat, Water.

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