Change of control - general policy and its application to Thames Water

Change of control - general policy and its application to Thames Water

Published date: May 11, 2018
Closing date: Friday June 8th, 2018 5:00pm

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About Consultation

This is a consultation on the issues arising out of the change of control of Thames Water Utilities Limited, as well as a broader consultation highlighting some of the issues we are considering as part of our continuing sector wide work to explore how companies’ licences can be reformed to help ensure that water companies put customers’ interests at the heart of what they do.

It sets out:

  • Our approach to, and licence changes related to, a change of control of a water (and/or wastewater) company1 (an “Appointee”). 
  • Some further areas of the licence which we think could be improved.
  • Our assessment for Thames Water following recent changes of ownership and control.
  • The proposed modifications to the conditions of the Instrument of Appointment (‘licence’) of Thames Water following the recent change of control.

We would welcome any comments on this document. Please send your responses to FinanceAndGov[email protected]. You can also submit your response by post to: Change of Control, Ofwat, Centre City Tower, 7 Hill Street, Birmingham B5 4UA

The closing date for this consultation is 8 June 2018.