Water Companies: Nationalisation
(asked on 5th September 2024) - View Source
Question to the Department for Environment, Food and Rural Affairs:
To ask His Majesty's Government why compensation to shareholders would be required for a water Company in the Special Administration Regime, if they decided that public ownership was a necessary precondition of environmental and public health regulations being met.
Answered by
Baroness Hayman of Ullock
Parliamentary Under-Secretary (Department for Environment, Food and Rural Affairs)
This question was answered on 17th September 2024
A Special Administration Regime (SAR) is not a form of renationalisation. It is a tool to ensure vital public services continue to be provided after a company fails.
Compensation for shareholders is not a requirement for placing a company into a SAR.