Application for IDoK
12 September 2003 - 8:00PM
UK Regulatory
RNS Number:6986P
AWG PLC
12 September 2003
For immediate release
12 September 2003
AWG Plc
Anglian Water - Interim Determination of K
Anglian Water Services Limited, part of AWG Plc, has notified Ofwat of its
intention to apply for an Interim Determination of K (IDOK).
If successful, this will allow the company to increase prices in real terms in
2004/5. Ofwat will issue a draft decision for consultation in November and a
final decision in December this year.
The application, which is provided for in Condition B of its operating licence,
primarily relates to Changes to the Notified Index (related to construction
costs) and sewer flooding.
The application will seek an amendment to the company's K factor for the
financial year 2004/5, such that it may increase prices from 1 April 2004 to
compensate for additional operating and capital costs in relation to these
items.
- Ends -
For further information please contact:
David Hipple
AWS Finance Director 01480 323583
Andrew Mackintosh
AWS Head of Communications 01480 323231
This information is provided by RNS
The company news service from the London Stock Exchange
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