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Ofwat today published for consultation the details of a series of proposed licence modifications to water companies in England and Wales. The changes, most of which were consulted on previously, include:
Ofwat is also seeking views on changes to the substantial effect clause that would restore the balance of risks between customers and companies to that which existed prior to 2000. The proposal would ensure that the provision, previously known as the "shipwreck clause", only applies where a company faces a significant threat to its operating and financial position. Notes to Editors: 1. The Director General of Water Services is the economic regulator of the water and sewerage companies in England and Wales. He exercises his powers in a way that he judges will allow them to carry out their functions properly, and finance them. WaterVoice represents customers' interests. 2. Copies of the consultation paper, MD/189, Proposed Licence Modifications Consultation, will be available from Ofwat's library (0121-625 1373) and on Ofwat's website, www.ofwat.gov.uk 3. Responses to the consultation paper should be sent in writing to Ingrid Olsen, External Relations, Ofwat, Centre City Tower, 7 Hill Street, Birmingham, B5 4UA (fax: 0121-625 1346) or by e-mail to ingrid.olsen@ofwat.gsi.gov.uk to be received no later than 5.00pm on 2 June 2004. 4. In PN 43/03, dated 5 November 2003, Ofwat stated that it would be consulting on the substantial effect licence provision. 5. A number of the proposed licence modifications were consulted on by Ofwat in MD 174 (dated 20/12/01), MD 181 (dated 3/10/02), and 'Setting price limits for 2005-10: Framework and approach' (published October 2002). MEDIA ENQUIRIES TO OFWAT PRESS OFFICE ON: 0121 625 1416/1496/1442 Out of hours enquiries to pager: 08700 555 500 water 503/509. Ofwat publications and press notices can be found on Ofwat's website at: www.ofwat.gov.uk  | ||||||
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