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Ofwat will modify Sutton and East Surrey Water's conditions of appointment to include a cash lock up provision. This will ensure that the regulated water company is effectively ring fenced from the rest of the ACUK group. Sutton and East Surrey Water's price limits will remain unchanged from those set by Ofwat for 2005-10. Ofwat will continue to monitor the company's performance to ensure the recent change in the ownership structure has no adverse impact on the quality of service that consumers receive. Notes to Editors: 1. The Water Services Regulation Authority (Ofwat) is the economic regulator of water and sewerage companies in England and Wales. It exercises its powers in a way that it judges will allow companies to carry out their functions properly, and finance them. Its duties include protecting the interests of consumers, wherever appropriate by promoting effective competition. 2. A copy of the consultation paper and subsequent position note are available on the Ofwat website, www.ofwat.gov.uk or from the Ofwat library on 0121 625 1373. 3. Sutton and East Surrey Water supplies water services to more than 270,000 properties in the London boroughs of Croydon and Sutton and parts of Surrey, Kent and Sussex. MEDIA ENQUIRIES TO OFWAT PRESS OFFICE ON: 0121 625 1442/1416/1496. Out of hours enquiries to: 0121 625 1300.  | ||||||
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