Member access

4-Traders Homepage  >  Shares  >  London Stock Exchange  >  Pennon Group plc    PNN   GB00B18V8630

PENNON GROUP PLC (PNN)

17
Delayed Quote. Delayed London Stock Exchange - 11/25 11:35:28 am
839 GBp   -0.12%
2d ago PENNON : Treasury Stock
11/18 PENNON : *deutsche bank cuts pennon group to 'hold' ('buy') - target 850 (8..
11/11 PENNON : Treasury Stock
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Pennon Group plc : Response To Ofwat Section 13 Notice To Modify Water Company Licences

11/23/2012 | 12:52pm US/Eastern
Response To Ofwat Section 13 Notice To Modify Water Company Licences

23 November 2012

Pennon Group's subsidiary, South West Water, has notified Ofwat, along with the majority of the other water companies, that it is unable to accept the proposed changes to its operating Licence conditions set out in the Section 13 Notice from Ofwat dated 26 October 2012.

Whilst we support the need to make Licence changes for the next price review process in 2014 to find new and more innovative ways to deliver sustainable water and sewerage services it is believed that the Licence proposals set out by Ofwat in the Notice are not in the long term interests of customers and are insufficient to maintain investor confidence.

We welcome Ofwat's latest statement to the industry which clarifies some of the Section 13 Notice proposals.  Whilst we have not been able to consent to the proposals we have responded to Ofwat constructively on our concerns and how these can be addressed. South West Water looks forward to continuing discussions with Ofwat to achieve a mutually acceptable conclusion which will protect the interests of our investors and South West Water customers.

Pennon Group will announce its Half-Year Results to 30 September 2012 on Thursday 29 November 2012.

distributed by
React to this article
Latest news on PENNON GROUP PLC
2d ago PENNON : Treasury Stock
4d ago UTILITIES Centrica 292 -17/8 3473/4
4d ago UTILITIES Centrica 2937/8 -43/4 3473/4
11/18 UTILITIES Centrica 2985/8 +1/4 3473/4
11/18 PENNON : *deutsche bank cuts pennon group to 'hold' ('buy') - target 850 (830) p..
11/15 UTILITIES Centrica 2981/4 -21/4 3473/4
11/11 PENNON : Treasury Stock
11/03 PENNON : Treasury Stock
11/01 UTILITIES Centrica 3021/2 +23/4 3637/8
11/01 UTILITIES Centrica 3021/2 +23/4 3637/8
Advertisement
Chart
Duration : Period :
Pennon Group plc Technical Analysis Chart | PNN | GB00B18V8630 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF