Bristol Water PLC Publication of Provisional Determination by CMA
RNS Number : 4118A
Bristol Water PLC
29 September 2020
BRISTOL WATER PLC
Competition and Markets Authority Redetermination of Ofwat Price
Publication of Provisional Determination by the Competition and
Ofwat published its Final Determination for Bristol Water plc on
16 December 2019 setting out Ofwat's final Determination of the
allowed revenues and service delivery targets for Bristol Water plc
in the next five year regulatory period commencing on 1 April 2020
and ending on 31 March 2025.
On 13 February 2020 Bristol Water asked Ofwat to refer its Final
Determination to the Competition and Markets Authority ("CMA") for
redetermination by the CMA (the "Redetermination"). Ofwat submitted
its referral to the CMA on 19 March 2020, together with referrals
of the final determinations of three other companies for
The CMA has today published its summary of Provisional Findings
in relation to all four companies, including Bristol Water plc.
The summary of Provisional Findings and the full Provisional
Determinations Report will be available on the CMA' s website at
Bristol Water plc will be reviewing the summary of Provisional
Findings and the full Provisional Determinations Report carefully
and will provide its response to the CMA in October in accordance
with the CMA's administrative timetable.
It is expected that the CMA will publish is Final
Redeterminations in relation to Bristol Water plc and the other
three companies in December 2020.
A link to the CMA's administrative timetable can be found here:
Dated: 29 September 2020
For further information contact:
Helen Hancock, Company Secretary +44 (0) 117 934 1108 or +44 (0)
LEI Number 549300V0DVQGSADLDB82
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(END) Dow Jones Newswires
September 29, 2020 02:00 ET (06:00 GMT)