REG - Pennon Group PLC - South West Water & SES Water Draft Determinations

PennonAnnouncement

11/07/2024 07:15

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RNS Number : 0005W  Pennon Group PLC  11 July 2024

11 July 2024

 

 

Pennon Group plc

PR24 - Draft Determinations for South West Water and Sutton and East Surrey
Water

 

 

Ofwat has this morning published its Draft Determinations in respect of the K8
period (2025-2030).

 

We welcome Ofwat's recognition of the quality of both business plans in the
group, underpinned by significant customer and stakeholder support.

 

South West Water's business plan for Bournemouth, Bristol, Cornwall, Devon,
and the Isles of Scilly has been categorised as outstanding and is recognised
as a 'leading plan'.

 

Having acquired Sutton and East Surrey Water in January 2024, Ofwat has
assessed this plan as standard, confirming this plan is 'generally good'.

 

We will now review both draft packages proposed by Ofwat. We look forward to a
constructive dialogue ahead of responding with our representations by the due
date of 28 August 2024, and over the period until the Final Determinations,
currently expected on 19 December 2024.

 

 

For further information, please contact:

 

Pennon Group
plc
+44 (0)139 244 6688

Laura Flowerdew
                                    Chief
Financial Officer

Catherine
Nash
Interim Head of Investor Relations

 

Media
+44 (0)207 251 3801

FGS Global

James
Murgatroyd

Harry Worthington

 

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