Competition Commissn - Stmt re Water Prices
08 Febbraio 2000 - 4:37PM
UK Regulatory
RNS Number:2034F
Competition Commission
8 February 2000
COMPETITION COMMISSION INVITES EVIDENCE ON APPEALS BY
MID KENT WATER PLC AND SUTTON AND EAST SURREY WATER
PLC AGAINST WATER PRICE LIMITS IMPOSED BY WATER
REGULATOR
The Competition Commission has been asked to examine
the price limits on water and infrastructure charges
set by the Director General of Water Services in
November 1999, in respect of Mid Kent Water plc, and
Sutton and East Surrey Water plc. Both companies have
disputed the Director General's determinations.
When the Director General announced the price limits
he also proposed a licence modification to allow
companies to ask for a resetting of price limits if
specified changes affect their revenue by more than
one per cent. The Director General has also referred
this licence modification for these two companies to
the Commission.
The Commission, which has been asked to examine the
disputed price limits and licence modifications within
six months, would like to hear from any person or
organisation with information or views on either
appeal.
The Commission would like evidence in writing by
Tuesday 29 February, to be sent to:
The Reference Secretary (Water Inquiries)
Competition Commission
New Court
48 Carey Street
London WC2A 2JT
Graham Corbett, a Deputy Chairman of the Commission,
will head the inquiry. The other members of the group
are Jonathan Rickford, Richard Rawlinson, and from the
Commission's water panel, Martin Webster and Professor
David Parker.
Notes to Editors
1. The reference was made to the Commission by the
Director General of Water Services on 7 February 2000.
See OFWAT press release PN 4/00.
2. Biographical notes
Mr Graham Corbett CBE was until 1996 Chief Financial
Officer of Eurotunnel and a member of the Eurotunnel
Joint Board and of the Boards of the French and
British companies. He was awarded a CBE in 1994 for
services to transport. Prior to joining Eurotunnel in
1987 he had, since 1976, been the Senior Partner of
Peat Marwick's Continental European Firm based in
Paris. Mr Corbett is a non-executive director of Kier
Group plc, a trustee of the Franco-British Council and
Chairman of trustees of the Research Institute for
Consumer Affairs, a charity carrying out research into
goods and services for people with disabilities. A
past Chairman of Finance for Brunel University, he was
awarded an Honorary Doctorate by Brunel in 1995.
Mr Jonathan Rickford is a solicitor and independent
consultant on regulation and European law and policy;
he is the Project Director of the Government's current
Review of Company Law and a Council member of the
European Policy Forum. He was Director of Corporate
Strategy at BT from 1993 to 1996, having previously
held posts with BT since 1987 as their Director of
Government Relations and their Solicitor and Chief
Legal Adviser. Mr Rickford held various posts as a
legal adviser in the Civil Service from 1972 to 1987.
He was also a member of the CBI's Europe Committee.
Mr Richard Rawlinson is a Director of Monitor Company,
the strategy consultants. He joined Monitor Company in
1984, founding their European consultancy practice in
1985, running their operations in Japan from 1990 to
1993 and setting up their operations in Hong Kong
between 1993 and 1996. Before joining Monitor, he was
a Banking Executive with J Henry Schroder Wagg & Co
Limited and an Associates Fellow at Harvard Business
School.
Martyn Webster was Group Managing Director of Southern
Water plc from 1993-96, having previously held the
position of Group Finance Director from 1989-92.
Before joining Southern Water, Mr Webster was Group
Financial Controller at Laporte plc (1986-89) and
Financial Controller at NCR Ltd (1979-86). His early
career was with Price Waterhouse (1968-79). He is a
member of the Institute of Chartered Accountants in
England and Wales.
Professor David Parker has been Professor of Business
Economics and Strategy at Aston Business School since
1997 and holds a visiting research post at the Centre
for the Study of Regulated Industries. He was a
lecturer/senior lecturer at the University of
Birmingham Business School from 1993-97, and prior to
that he was Dean of the Business School at the
University of Hertfordshire (1992-93) and a lecturer
at Cranfield School of Management (1989-92). Professor
Parker has acted as a consultant on privatisation and
regulation in a number of overseas countries and has
written extensively on both subjects. He is a member
of the Institute of Management and their Senior
Manager Forum.
3. Further information can be obtained from our
website at www.competition-commission.org.uk/ref.htm
4. Enquiries should be directed to:
Francis Royle, Press Officer Tel: 0207 271 0242
END
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