The Water Industry (Financial Assistance) Bill 2010-12
The Water Industry (Financial Assistance) Bill contains two measures. One will give the Government the discretion to reduce water bills in certain regions. The other will give the Government the discretion to provide financial assistance for major water and sewage infrastructure projects. Initially the Government plans to use these powers to reduce water bills in the South West of England and to support the Thames Tunnel project.
The Water Industry (Financial Assistance) Bill had its First Reading on 2 February 2012. Second Reading will take place on 29 February 2012. The Bill only applies to water or sewerage undertakers whose areas are mainly in England.
The Bill contains two measures. One will give the Government the discretion to reduce water bills in certain regions. The other will give the Government the discretion to provide financial assistance for major water and sewage infrastructure projects.
Initially the Government plans to use these powers to reduce water bills in the South West of England and to support the Thames Tunnel project.