Thames Water's leakage commitments

Ofwat press notice announcing an undertaking given by Thames Water following the company's failure to meet its leakage targets. The undertaking commits the company to a new time profile of leakage targets (more achievable in the short term but more demanding by 2010 according to Ofwat) and to some £150 million of additional mains renewal expenditure which will not be included in its regulatory capital value (a treatment which is in line with Ofwat's general approach to capital expenditure in excess of price control allowances).

For further information or advice please contact Franck Latrémolière.

Filed under Ofwat, Water.

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