TSX:CSE.PR.A - Post by User
Post by
anon314on Jul 10, 2015 6:14am
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Damage to the dividend?
Damage to the dividend?From the CMA: "We provisionally rejected several projects proposed by Bristol Water which would have increased its expenditure - and ultimately bills - because we did not consider they were fully justified and in the interests of customers."
Does anyone know what fraction of Bristol Water's proposed income that was not granted is directly related to the construction of new assets like the Cheddar 2 Reservoir? My memory says that even after the initial decision by Ofwat, Bristol Water would be able to continue to pay its dividend to CSE because the cut in fees was matched against cuts in planned expenditures. But I don't have a statement to that effect handy.