Views
5 years ago

Barry Cash Ben Lomond Water.pdf

Barry Cash Ben Lomond Water.pdf

Complications –

Complications – Priority Dividends • Government agreed that Councils making a profit to get priority access to dividends • Unfortunately the calculations ignored the year immediately before we began • Some Councils took the opportunity to revenue shift – That is they reduced their water and sewer changes h and d iincreased d general l rates t • This created a revenue shortfall and lower starting point i ffor our charges h

Complications - Pricing • Initially we had an IPO that provided 10% price rises from the various Council tariffs, but immediately we sent t out t our first fi t bills bill th the GGovernment t capped d th them at 5% • NNot t tto mention ti we didn’t did ’t hhave a billi billing system t • The Government agreed to provide us with price cap compensation ti for f three th years – no plan l ffor withdrawal • Thi This year compensation i slashed l h d (BLW bby 80%) • This year allowed to begin price reform - $50 per customer per service – high payers frozen