This document invites comments on our proposal to modify conditions of appointment (licences) of the 17 largest regulated water companies (appointees) in England and Wales and the only licensed infrastructure provider (Bazalgette Tunnel Limited, known as Tideway) (collectively referred to as ‘companies’ in this document).
We are proposing to insert a requirement into licences that companies must meet the objectives of the Board leadership transparency and governance principles which were published in January 2019 (the ‘2019 principles’).
Under section 13 (or 17IA for Tideway) of the Water Industry Act 1991 (WIA91), we are able to modify the conditions of a company’s licence if it agrees to the changes we are proposing to make.
The document and attached appendices is a Notice under sections 13 and 17IA of the WIA91.
How to respond
We invite stakeholders to comment on our proposed modifications by 14 June 2019.
Companies should also indicate their agreement or otherwise of the proposed modification by this date. You can email your responses to [email protected] or post them to:
Finance and Governance
Centre City Tower
7 Hill Street