Icon Water is also a 50% owner of ActewAGL, a multi-utility provider of electricity and gas services in the ACT and south-east New South Wales.

Icon Water Limited is wholly owned by the Government of the Australian Capital Territory, with the only voting shares being held by the Minister for Finance and the Minister for Climate Change, Environment, Energy and Water.

[2] The origins of the Icon Water Limited (previously ACTEW Corporation) go back to the Australian Public Service.

[4] 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.

[5] 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.