[43A Calculation of “discounted aggregate deficit” for the purposes of section 42]
Water Industry Act 1991 (1991 c 56) | Legislation

[43A  Calculation of “discounted aggregate deficit” for the purposes of section 42]

[(1) For the purposes of section 42 above the discounted aggregate deficit on a water main is the amount equal to the sum of the estimated relevant deficits for each of the twelve years following the provision of the main, in each case discounted in accordance with subsection (6) below.

(2) The estimated relevant deficit for any year is the amount (if any) by which the estimated revenue in respect of the water main for that year would be exceeded by the annual borrowing costs of a loan of the amount required for the provision of that main.

(3) Subsections

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