Encouraging analysis on ECWC. The spread is a problem, however the spread narrowed with Utilico when the volume picked up.
The March, 2003 annual report shows: Top ten holdings as:
Bristol Water
East Surrey (ESH, & ESHA)
International Energy Group
Kelda
Fortum (Scandinavian electricity company)
Pennon Group
Cinergy (US Electricity)
Endesa (Spains Largest Electricity company)
Suez (French Water co.)
AWG
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