Pennon Group PLC Final Determination for South West Water (9067W)
16 Diciembre 2019 - 1:00AM
UK Regulatory
TIDMPNN
RNS Number : 9067W
Pennon Group PLC
16 December 2019
16 DECEMBER 2019
PENNON GROUP PLC
FINAL DETERMINATION FOR SOUTH WEST WATER
Ofwat has this morning published its Final Determination in
respect of the K7 period (2020 - 2025).
The key elements for South West Water's Final Determination
include:
-- a post tax real cost of capital for the industry of 2.92% on
a CPIH basis (1.92% on an RPI basis)
-- a totex allowance of GBP2bn (wholesale and residential
retail) - consistent with South West Water's Draft Determination in
April 2019
-- outcome delivery incentives reflecting the priorities of our
customers - aligned with South West Water's Draft Determination in
April 2019.
Ofwat's proposed Final Determination package is now being
reviewed, and South West Water has until 15 February 2020 to
respond.
Further information on Pennon and South West Water can be found
on the Group's website,
www.pennon-group.co.uk
For further information, please contact:
Pennon
Susan Davy Chief Financial Officer
Sarah Heald Director of Corporate Affairs and Investor Relations
Jennifer Cooke Investor Relations Officer
01392 443 168
Finsbury
James Murgatroyd
Harry Worthington
0207 251 3801
Cautionary statement in respect of forward-looking
statements
Certain statements in this announcement are forward-looking
statements relating to the Group's operations, performance and
financial position based on current expectations of, and
assumptions and forecasts made by, management. They are subject to
a number of risks, uncertainties and other factors that could cause
actual results, performance or achievements of the Group to differ
materially from any outcomes or results expressed or implied by
such forward-looking statements. The Group's principal risks were
described in the 2019 Pennon Group Annual Report which can be
viewed online at http://annualreport.pennon-group.co.uk/ Such
forward looking statements should therefore be construed in light
of such risks, uncertainties and other factors and undue reliance
should not be placed on them. They are made only as of the date of
this announcement and no representation, assurance, guarantee or
warranty is given in relation to them including as to their
accuracy, completeness, or the basis on which they are made. No
obligation is accepted to publicly revise or update these
forward-looking statements or adjust them as a result of new
information or for future events or developments, except to the
extent legally required. Nothing in this Statement should be
construed as a profit forecast.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCDDBDDISBBGCU
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December 16, 2019 02:00 ET (07:00 GMT)
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