Water firms’ industry body: Dividend payouts haven’t affected infrastructure investment Business Water companies would be in a similar state today even if they hadn't paid out millions in dividends, the boss of their industry body claimed.
Water firms warn of ‘material risk’ to stopping sewage leaks with Ofwat bill cap Business Plans to cap water bill increases at £19 per year would prevent suppliers from raising enough cash to improve performance, Water UK said.
Thames Water: Ofwat proposals ‘not tenable’ with supplier’s recovery as new bill hikes planned Water Debt-laden Thames Water has appealed to Ofwat to sign off on a five-year business plan to make it "investible."
Northumbrian Water: Revenue nears £1bn as supplier returns to profit August 28, 2024 Revenue at Northumbrian Water jumped towards £1bn as the supplier returned to the black during its latest financial year. The Durham-headquartered company has reported a revenue of £952.4m for the year to 31 March, 2024, up from the £899.9m it posted for the prior 12 months. Newly-filed accounts with Companies House also show the business [...]
Water regulator welcomes plan to boost customer compensation August 12, 2024 The water industry watchdog has said it “welcomes” the government’s plan to increase compensation for customers receiving poor services from water companies.
Government to double compensation for poor customer service from water companies August 12, 2024 Compensation for customers receiving poor services from water companies who are failing to meet standards could more than double under new Government proposals.
Sewage dumping water bosses could face criminal charges July 28, 2024 Water bosses responsible for illegal sewage dumping will face criminal charges and have their bonuses axed under new laws, the Environment Secretary has said. Writing in the Mail, Steve Reed said he would introduce law aimed at giving regulators “more teeth.” “Water bosses responsible for repeated illegal sewage dumping will face criminal charges, and I’ll [...]
Severn Trent given top environmental rating by regulator that just fined it £2m July 23, 2024 The Environment Agency has awarded Severn Trent the highest possible rating for its environmental performance despite having just fined the water company £2m for a sewage discharge that it said could have caused "catastrophic pollution".
Starmer: Nationalising debt-laden Thames Water ‘not consistent’ with our fiscal rules July 8, 2024 Nationalising Thames Water would “not be consistent” with Labour’s fiscal rules, the Prime Minister’s spokesman has said.
Anglian Water: Price rises see revenue jump as shareholders handed bumper payday June 11, 2024 Price increases helped revenue at Anglian Water increase to £1.6bn as it plans to hand shareholders a payday of almost £90m, new figures have revealed.