17 June 2014
On 30 May, Ofwat published the draft determinations of Northumbrian Water and Dŵr Cymru’s price controls for the 2014 price review. Today Ofwat has published the populated financial models that it used in arriving at those draft determinations.
The populated financial models reflect input assumptions, treatment of allowed expenditure and financial treatment appropriate to price setting. These assumptions include standard notional assumptions on companies’ financial structure. As a result, in a number of respects the models will not necessarily represent a forecast of each company’s actual financial projections, expenditure or statements.
Story appears courtesy of Ofwat.