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.
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Sulzer launches global Water Treatment Center of Excellence for integrated water solutions
Sulzer has launched a new global Center of Excellence (CoE) for Water Treatment Solutions - the CoE consolidates Sulzer’s wastewater treatment expertise in a unified and global manner. -
Pumps prove to be smooth operators for Anglian Water
“SAS (Surplus Activated Sludge) is a bit weird and can do odd things,” says Stuart Chatten, Lead Bioresources Technician at Whitlingham Water Recycling Centre (WRC), one of Anglian Water’s principal centres for processing sewage, serving a population of 400,000. -
Owen Mace takes over as Director of BPF Plastic Pipes Group
Owen Mace has taken over as Director of the British Plastics Federation (BPF) Plastic Pipes Group on the retirement of Caroline Ayres. He was previously Standards and Technical Manager for the group. -
Ledbury engineering firm strengthens senior team as demand for water process systems grows
PureTec Separations, the Ledbury-based water treatment engineering firm, has appointed Dan Norman as its new Sales Manager – Water Process Systems, supporting the company’s continued growth in the UK and international markets.
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