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Article: Ofwat publishes further ring-fencing proposals for Bristol Water plc.
- Article from:
- M2 Presswire
- Article date:
- August 25, 2006
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M2 PRESSWIRE-25 August 2006-UK Government: Ofwat publishes further ring-fencing proposals for Bristol Water plc(C)1994-2006 M2 COMMUNICATIONS LTD
RDATE:25082006
Ofwat today published proposals to protect customers of Bristol Water, following changes to the company's ownership. Sociedad General de Aguas de Barcelona, S.A. (Agbar) acquired Bristol Water Group plc, Bristol Water's parent company, on 15 May 2006.
Ofwat proposes to modify slightly Bristol Water's conditions of appointment to secure the ring-fencing of the regulated water business. This will ensure that Bristol Water's ability to carry out and finance its work as a water company is ...