Moved by
Lord Whitty
78: After Clause 44, insert the following new Clause—
“Duties of undertakers to furnish the Secretary of State and Authority with information
(1) In granting, reviewing or renewing licences under this Chapter, the Authority will be required by the Secretary of State to take into account broader issues when conducting or reopening a price review and such broader issues may include for any licensee or applicant licensee—
(a) their corporate structure and financial structure;
(b) the total amount of investment in England and Wales;
(c) the total amount of dividends paid to owners and shareholders;
(d) their taxation structure;
(e) their company and group overall performance; and
(f) their corporate social responsibility strategy.
(2) Licensed water undertakers must furnish the Authority and the Secretary of State with information on the above and publish such information in an annual return or otherwise.”