BWRA Bristol Wtr.8t%

 

TIDMBWRA 
 
RNS Number : 9122F 
Bristol Water PLC 
21 January 2010 
 

Bristol Water PLC 
 
 
1100 hours 21 January 2010 
 
 
Bristol Water plc 
 
 
21 January 2010 
 
 
 
 
Rejects Ofwat Price Determination 
 
 
 
 
Bristol Water plc announces that the Board has decided it cannot accept the 
regulator Ofwat's determination of price limits between 2010-2015. The Company 
says that it has no alternative but to ask for the issue to be referred to the 
Competition Commission for review. 
"In our judgement, Ofwat has proposed a determination that is not in the best 
interests of our current and future customers," said managing director Alan 
Parsons. "What we must deliver will cost more than Ofwat has allowed. 
"Our customers have benefited from a long period when we have been able to 
minimise bills by stretching our assets' working lives. Unfortunately, there are 
now a number of factors coming together that mean increased levels of investment 
cannot be deferred any longer. This inevitably means costs, and bills, 
increasing. We do not agree with Ofwat about the scope of work needed and the 
cost of dealing with these issues and so must ask the Competition Commission to 
review the matter." 
For more details about the company's proposals, use this link: 
http://www.bristol-water.co.uk/news/mainNews.asp?newsID=418 
 
 
Any enquiries to 
Jeremy Williams, Director of Corporate Affairs, Bristol Water plc, 
0117 9536470 or 07831 453924 
 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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