United Utilities Group PLC Draft Determination for United Utilities (8953V)
April 11 2019 - 3:29AM
UK Regulatory
TIDMUU.
RNS Number : 8953V
United Utilities Group PLC
11 April 2019
United Utilities Group PLC
11 April 2019
DRAFT DETERMINATION FOR UNITED UTILITIES
In line with the price review timetable, Ofwat has today
published the draft determination for United Utilities Water (UUW)
covering the period 2020-25.
The draft determination sets out Ofwat's initial determination
of the required costs and service targets for UUW in the next
regulatory period. UUW is reviewing the draft determination and
will respond to Ofwat by the due date of 24 May 2019.
In Ofwat's initial assessment of company business plans, we were
pleased to have achieved fast-track status and to have received the
highest grades overall for the sector. Ofwat commended our plan in
many areas including customer engagement, affordability and
vulnerability, resilience, innovation and confidence and
assurance.
We look forward to working constructively with Ofwat through to
publication of the final determination on 11 December 2019.
For further information, please contact:
Gaynor Kenyon - Corporate Affairs Director +44 (0) 7753 622 282
Robert Lee - Head of Investor Relations +44 (0) 7500 087 704
Graeme Wilson - Tulchan Communications +44 (0) 2073 534 200
LEI 2138002IEYQAOC88ZJ59
Classification - PR19 Draft Determination published
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END
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