United Utilities Group PLC Class A

UU.: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 8,128.00	Xgfns	Chsxpqvh

United Utilities: Ofwat's Draft Decision Close to the Group's Requests

Tancrede Fulop

Jul 11, 2024

Ofwat issued its draft decision regarding the features of the AMP8 five-year regulatory period starting in April 2025 for UK water utilities after reviewing their business plans. United Utilities' plan was rated as standard, the second-highest of the four available ranks. Companies are expected to answer by the end of August. Ofwat will publish its final decision in December. In any case, the draft decision is close to what United Utilities called for. All in all, we confirm our fair value estimate of GBX 1,000 for United Utilities.

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