- Part 4: For the preceding part double click ID:nRSb2520Yc
assets is illustrated by South
West Water achieving Ofwat's
'stable serviceability' status
across all areas.
Regulatory capital value at 31
March 2014 was £2,959m and with an
increase in net debt this has led
to gearing of 57% (31 March 2014:
56%) - within Ofwat's optimum
range for K5. Increased projected
RCV growth of 19% by 2020(3) in K6
reflects the Draft Determination
inclusive of enhanced assessment
benefits. South West Water's
dividend to Pennon is ahead of the
Final Determination 2009 (FD09)
assumptions reflecting
outperformance delivered during
K5.
(1) before exceptional credit
(2) capital expenditure including
infrastructure renewals