The story
The origins of the Icon Water Limited (previously ACTEW Corporation) go back to the Australian Public Service. The Australian Capital Territory Electricity Authority was established in 1962, with functions transferred from the Commonwealth Government to the ACT Government. In 1988 its functions were transferred to the Australian Capital Territory Electricity and Water Authority.
The ACTEW Corporation was established under the Corporations Act (Cth) in 1995 to take over the Authority's functions. The company was given obligations under the Utilities Act 2000 (ACT), Water Resources Act 2007 (ACT), Environment Protection Act 1997 (ACT), Water and Sewerage Act 2000 (ACT) and the Public Health Act 1997 (ACT).
In October 2000 ACTEW Corporation joined with the Australian Gas Light Company (AGL) to form ActewAGL to jointly provide electricity and gas services in the ACT and south-east New South Wales.
In 2000 ACTEW Corporation entered into a contract with ActewAGL for the management and operation of the water and sewerage network of the ACT and surrounding area. The contract was not renewed in June 2012.
On 4 May 2015 ACTEW Corporation was renamed Icon Water Limited. The reasons given for the change were brand confusion with electricity and gas supplier ActewAGL, the name ACTEW no longer being relevant in the company's operations, disconnect between the company's origin and future.
From Wikipedia’s article on Icon Water, shared under CC BY-SA 4.0.4