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Pennon Group plc ( (GB:PNN) ) has shared an update.
Ofwat has published its PR24 Final Determination for the K8 period (2025 – 2030), affecting Pennon Group’s subsidiaries, South West Water (SWW) and Sutton and East Surrey Water (SES). The determination includes a sector-wide cost of capital of 4.03% and allocates Totex allowances and revenues for SWW and SES. SWW is recognized with a 30 basis points uplift for its outstanding business plan, while SES receives a 5 basis points uplift for a good plan. Pennon Group is reviewing the final determinations and plans to respond by mid-February 2025.
More about Pennon Group plc
Pennon Group plc operates in the water industry, primarily providing water and wastewater services. Its main subsidiaries include South West Water and Sutton and East Surrey Water, focusing on delivering reliable water services in their respective regions.
YTD Price Performance: -16.54%
Average Trading Volume: 973,483
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £1.67B
For detailed information about PNN stock, go to TipRanks’ Stock Analysis page.
