Thames Water Requests Referral of Final Determination to CMA
Why we think this is neutral
This RNS announcement from Thames Water Utilities Limited (TWUL) does not contain any material financial information or updates. It is a regulatory announcement regarding the company's decision to refer its Final Determination to the Competition and Markets Authority (CMA) for a re-determination. While this may have implications for the company's future, the RNS itself does not provide enough detail to assess the potential impact. Therefore, the sentiment is considered neutral at this stage.
Key Points
- Thames Water has requested a referral of its Final Determination to the CMA
- The company believes the Final Determination does not reflect its operating circumstances or provide an appropriate balance of risk and return
- There will be no delay to the delivery of Thames Water's plans for year one of AMP8 as a result of this referral
- Customer bills for 2025-26 will be unaffected
Summary
Thames Water Utilities Limited (TWUL) has announced that it has asked its economic regulator, Ofwat, to refer its Final Determination to the Competition and Markets Authority (CMA) for a re-determination. The company's Board has concluded that the Final Determination for the 2025-2030 regulatory period does not appropriately support the investment and improvement required for Thames Water to deliver for its customers, communities and the environment.