Part 4Watercare Services Limited
Part 1 of Watercare charter
80Watercare must submit business plan to Secretary
Watercare must submit a draft business plan to the Secretary.
Watercare must submit the draft business plan no later than 4 months after the date on which Part 1 of the Watercare charter is made under section 77.
A business plan must, for the period during which it applies, include—
- the sources of, and Watercare’s intended approach to, funding, revenue, and pricing; and
- Watercare’s water infrastructure growth charging policy; and
- Watercare’s intended approach to pricing its services and charging customers; and
- Watercare’s financial strategy for each financial year covered by the plan; and
- Watercare’s intended efficiency improvements for operating and capital expenditure; and
- Watercare’s investment priorities for its infrastructure assets; and
- how Watercare will—
- operate, maintain, and renew its infrastructure assets; and
- provide new infrastructure assets; and
- operate, maintain, and renew its infrastructure assets; and
- information about how the plan helps to achieve Watercare’s proposed activities and intentions (as set out in its statement of intent).
Watercare must ensure that—
- the business plan that it submits complies with any requirements specified by the Secretary as to the form and content of the plan; and
- it provides each component of the plan to the Secretary in any order specified by the Secretary.
When specifying any form and content requirements of the business plan, the Secretary must have regard to, and ensure consistency with, Watercare’s obligations under Part 5 of the LGA2002.