P505 Teletext 505 Jun14 14:09:54
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YORKSHIRE WATER MAY BECOME A MUTUAL
Customers of Yorkshire Water could
become owners of the business after its
parent company Kelda announced plans to
turn it into a mutual society.
Kelda said the plans followed a review
of price controls by water regulator
Ofwat which has squeezed profits.
Ownjrship of Yorkshire Water would pass
to its customers on a not-for-profit
basis but Kelda would continue to run
its operations.
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