| Phase 2 timetable |
| June 2008 | Companies submit annual June return |
| August 2008 | Companies submit and publish summaries of draft business plans, informed by cost benefit analysis and including a 25 year forward look |
| September 2008 to January 2009 | Joint stakeholder research into consumers' views on issues arising from draft business plans |
| September 2008 | Publication of industry-level summary of key issues arising from draft business plans |
| October/ November 2008 | Feedback to companies on draft business plans. Welsh Assembly Government to publish possible further guidance on water policy priorities |
| December 2008 | Publish draft baseline, outputs package and "menu" |
| January 2009 | Issue final business plan reporting requirements |