United Utilities Group PLC United Utilities 2019 Price Review Update (2901Z)
December 14 2017 - 2:00AM
UK Regulatory
TIDMUU.
RNS Number : 2901Z
United Utilities Group PLC
14 December 2017
United Utilities Group PLC
14 December 2017
UNITED UTILITIES 2019 PRICE REVIEW UPDATE
On 13 December 2017, Ofwat published its final methodology for
the 2019 price review (PR19) in which it sets out its expectations
and requirements for companies preparing their business plans to
meet the needs of customers from 2020 to 2025 and beyond. This
represents a further evolution of Ofwat's Water 2020 framework and
the PR19 methodology consultation published earlier this year.
United Utilities has been actively engaged in the development of
this approach, contributing across the full range of working groups
and providing detailed proposals in key areas. We support Ofwat in
developing a progressive framework of regulation in the sector. We
believe that our strong track record of operational performance and
service delivery, leading environmental performance, innovative
approaches to customer service, and recognised strengths in
transparency and reporting provide a strong underpin for our
business plan.
We are advanced in our plans for PR19, informed by extensive
engagement with customers regarding their needs and priorities. In
May 2018, we will provide early evidence on company specific
factors affecting our wholesale and retail operations in the North
West ahead of our final business plan submission in September
2018.
We will provide a further update via a webcast presentation to
investors and analysts at 2.00pm on Thursday 14 December 2017. The
webcast can be accessed using the following link:
http://event.on24.com/wcc/r/1564096-1/468F737F682DFE7F16842411935B001C
A live listen in facility can be accessed by dialling:
UK toll: +44 (0) 333 300 0804 / UK toll free: +44 (0) 800 358
9473
Participant PIN: 06817461#
For international dial in numbers:
http://events.arkadin.com/ev/docs/NE_W2_TF_Events_International_Access_List.pdf
This announcement and the associated presentation will be
available on the day at:
https://www.unitedutilities.com/corporate/investors/financial-news/latest-financial-news/
An audio recording of the event will be available for 90 days
and can be accessed by dialling:
UK toll: +44 (0) 333 300 0819 / UK toll free: +44 (0) 800 358
2049
Access code: 301213810#
For international dial in numbers for the audio recording,
please contact United Utilities below.
United Utilities contacts:
Gaynor Kenyon, Corporate Affairs +44 (0) 7753
Director 622 282
Robert Lee, Head of Investor +44 (0) 7500
Relations 087 704
Sam Chiene / Peter Hewer, Tulchan +44 (0) 2073
Communications 534 200
LEI 2138002IEYQAOC88ZJ59
Classification - 2019 price review update
This information is provided by RNS
The company news service from the London Stock Exchange
END
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