The Ofwat director in charge of assessing water company business plans has reassured the sector that the next price control (PR24) will be “more generous to investors than PR19”. Chris Walters insisted to Utility Week that the regulator would “err on the side of investibility” when it comes to assessing company plans and that the concerns of private equity backers had come through loud and clear.
Ofwat promises PR24 will be ‘more generous’ to investors
