UK Water and Regulated Networks

Wednesday, October 10, 2018

October 2018

Conference

UK Water and Regulated Networks

Focus on Regulation

thursday, November 08, 2018
merchant taylors' hall, london

UK Water and Regulated Networks

Focus on Regulation
Wednesday, October 10, 2018
October 2018
Institute of Directors
London

UK Water and Regulated Networks

Focus on Regulation

Wednesday, October 10, 2018
October 2018
Institute of Directors
London

UK Water and Regulated Networks

Focus on Regulation

Wednesday, October 10, 2018
October 2018
Institute of Directors
London

UK Water and Regulated Networks

Focus on Regulation

Wednesday, October 10, 2018
October 2018
Institute of Directors
London

UK Water and Regulated Networks

Focus on Regulation

Wednesday, October 10, 2018
October 2018
Institute of Directors
London

Where now for the UK Water and Regulated Networks?

With the publication of their methodologies, Ofwat and Ofgem are advancing towards the PR19 and RIIO-2 price reviews. The regulators have signalled that companies will face lower allowed returns and more challenging efficiency and performance targets. Amongst many other proposed changes, companies face potentially greater scrutiny of their capital structures.

Why Attend?

The half-day conference is designed for experts in the sector: investors, issuers, intermediaries as well as regulators and professional services.

<div class="credit-themes-container dynamic"><div class="custom-fa-wrapper"><div class="custom-item-holder"><div class="custom-icon-fa"><br></div><div class="custom-item-text-holder"><h1 class="custom-item-heading alt white">Discover</h1><p class="custom-item-para alt white">Discover fresh perspectives on the credit markets</p></div></div><div class="custom-item-holder"><div class="custom-icon-fa"><br></div><div class="custom-item-text-holder"><h1 class="custom-item-heading alt white">Meet</h1><p class="custom-item-para alt white">Meet senior Moody's Analysts and market experts</p></div></div><div class="custom-item-holder"><div class="custom-icon-fa"><br></div><div class="custom-item-text-holder"><h1 class="custom-item-heading alt white">Network</h1><p class="custom-item-para alt white">Network with key regulated utilities sector market participants.</p></div></div></div></div>

Agenda

08.30          Registration and Coffee

09.00          Welcome Address  

Neil Griffiths-Lambeth, Associate Managing Director, Infrastructure Finance, Moody’s Investors Service

09.10          Why change is needed

Jonathan Brearley, Executive Director, Systems and Networks, Ofgem

Rachel Fletcher, Chief Executive Officer, Ofwat

09.50         Does this go far enough?

John Penrose, MP, Weston-super-Mare

10.05         Innovative or unpredictable: Are regulators in danger of crossing the line?

Panel discussion led by Neil Griffiths-Lambeth, Associate Managing Director, Infrastructure Finance, Moody’s Investors Service

Jonathan Brearley, Executive Director, Systems and Networks, Ofgem

Rachel Fletcher, Chief Executive Officer, Ofwat

Keith Harris, NED and Corporate Advisor, Lorraine House

Orlando Finzi, Credit Analyst, M&G

11.00              Coffee & Networking Break

11.30          Financial engineering: Problem or Solution?

Graham Taylor, Vice President – Senior Credit Officer, Infrastructure Finance, Moody’s Investors Service

Stefanie Voelz, Vice President – Senior Credit Officer, Infrastructure Finance, Moody’s Investors Service

12.00         The CMA Appeals Process: Does it Still Provide an Anchor?

Prof Jon Stern, Centre for Competition and Regulatory Policy, City University and former CMA panel member

12.30          Special Administration: A Credible Solution?

Mark Nuttall, Partner, Linklaters

13.00          Closing Remarks

13.05          Networking & Lunch

14.00          Conference End

Speakers

Moody's

Neil Griffiths-Lambeth

Associate Managing Director, EMEA Infrastructure Finance

Moody's Investors Service

Moody's Investors Service

Associate Managing Director, EMEA Infrastructure Finance

Neil Griffiths-Lambeth

Neil Griffiths-Lambeth is an Associate Managing Director in Moody’s Infrastructure Finance team, based in London, and responsible for the rating agency’s coverage of regulated and unregulated utilities across EMEA. Over the course of his career at Moody’s, Neil has acted as lead analyst for a broad range of utilities and transport infrastructure companies. He has followed the UK water sector since 2008, writing extensively on regulatory and other developments and playing a key role in developing the rating agency’s strong reputation in the sector. As an authoritative independent commentator, Neil is a frequent speaker at conferences and other events

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Stefanie Voelz

Vice President - Senior Credit Officer, EMEA Infrastructure Finance

Moody's Investors Service

Moody's Investors Service

Vice President - Senior Credit Officer, EMEA Infrastructure Finance

Stefanie Voelz

Stefanie Voelz is a senior analyst in Moody’s EMEA Infrastructure Finance team, based in London. She is responsible for a portfolio of regulated utilities in the UK, Germany, the Netherlands, Belgium and Eastern Europe. Over an extended career in credit, Stefanie has developed in-depth knowledge of utilities and transportation infrastructure sectors. She is also an expert in the credit assessment of highly-covenanted financing structures in the regulated utility space as well as project financings. Stefanie is Moody’s lead analyst covering UK Water and has published extensively on the sector. She is the lead author of Moody’s Rating Methodology for Regulated Water Utilities, published in December 2015. Stefanie is also one of Moody’s lead commentators on the European regulated networks.

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Graham Taylor

Vice President – Senior Credit Officer

UK regulated and unregulated utilities

Moody's Investors Service

Moody's Investors Service

UK regulated and unregulated utilities

Vice President – Senior Credit Officer

Graham Taylor

Graham Taylor is a senior analyst in Moody’s EMEA Infrastructure Finance team, based in London. He is responsible for a portfolio of regulated and unregulated utilities in the United Kingdom. As a senior member of the analytical team, Graham has contributed to and/or coordinated a number of publications, in particular on energy market issues, and is a frequent speaker at investor events. Prior to joining Moody’s in 2015, Graham was City Advisor to Ofwat, the English and Welsh water regulator, through the 2014 Price Review. He was previously an equity portfolio manager at Legal & General, where he managed long-only and long/short funds and was responsible for coverage of UK utilities, transport and leisure, and health care. Graham started his career in the investment banking division of Credit Suisse in New York. He is a graduate of Queen’s University, Canada, and is a CFA charterholder.

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Further Information

Moody’s Events 

Christopher De Ridder

Marketing Manager - Events & Outreach

+44-207-772-1445

Christopher.DeRidder@moodys.com