Ofwat consults on Sutton and East Surrey Water change of ownership issues

May 21, 2007
Ofwat today launched a consultation over the regulatory issues arising from the sale of Deutsche Bank's stake in Aqueduct Capital (UK) Ltd (ACUK), the UK holding company of Sutton and East Surrey Water plc. Ofwat is now asking for views on the following issues:
• the capacity of ACUK and its investors to be the owner of a regulated business;
• who should provide the ultimate controller undertaking required by Sutton and East Surrey Water's (SES) license; and...

BIRMINGHAM, UK, May 21, 2007 -- Ofwat today launched a consultation over the regulatory issues arising from the sale of Deutsche Bank's stake in Aqueduct Capital (UK) Ltd (ACUK), the UK holding company of Sutton and East Surrey Water plc.
Ofwat is now asking for views on the following issues:
• the capacity of ACUK and its investors to be the owner of a regulated business;
• who should provide the ultimate controller undertaking required by Sutton and East Surrey Water's (SES) license; and
• the addition of the cash lock-up conditions to SES's license.

Responses to the consultation must be received by Ofwat by 17.00 hrs on Monday 18 June 2007.

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Also see:
-- "Ofwat continues to protect water and sewerage consumers"
-- "Ofwat response to PAC report published today"
-- "Ofwat publishes position paper into Anglian Water's acquisition"
-- "Ofwat moves to increase water industry competition"

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