PA’s Richard Khaldi, water specialist, is quoted in an article in Utility Week on the most pressing challenges facing the CFO in the water sector.
The article explains that CFOs must play with a more constrained financial hand, while still keeping investors keen and credit ratings high.
Richard explains: “Both PR19 and RIIO2 will set lower costs of capital than utility firms currently enjoy. This will inevitably lead to reduces revenues and a need for increased efficiency as both Ofwat and Ofgem have made it clear their expectations regarding customer outcomes/outputs will only increase going forward. It’s the CFO that sits at the heart of this challenge.”