Finance and investment

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Davy: CSOs weren’t talked about five years ago

Flexibility in water regulation is required to ensure companies can react to evolving consumer expectations such as sewer overflows, Susan Davy, head of Pennon has argued. She noted that overflows, which politicians and regulators made an investment priority for water and sewerage companies, were not being talked about five years ago when plans for PR19 were being made.

1 year ago

Thames ring-fences extra £500k for vulnerability support

Thames is dedicating £500k through its Trust Fund initiative to support financially vulnerable households in London and the Thames Valley. This includes £400k in grants to debt and money advice services across the region and £100k to a household pot that customer service employees can direct billpayers to.

1 year ago

Financing doubts cast over water company business plans

Financing of water company plans for 2025-30 is reliant on huge sums of equity being put forward by investors at a time when returns are squeezed and the sector faces myriad performance challenges. For these reasons attracting the investment needed may be tougher than previous AMPs, analysts have warned.

1 year ago

Ofgem slams Utilita’s ‘ill-founded’ CMA appeal

1 year ago

Tougher targets and increased investment to weigh on water credit ratings

1 year ago

Thames: No dividends coming this decade

Shareholders in Thames Water are unlikely to see a dividend payment before 2030, interim co-chief executive Cathryn Ross has said. The former Ofwat boss also bemoaned a “backwards looking and risk averse” regulatory regime and a lack of co-ordination between the various bodies overseeing the sector.

1 year ago

PR24: SVT’s past performance key to AMP8

Severn Trent has set out its intention to remain an industry leader across performance commitments in the next asset management period (AMP8) as the cornerstone to its ambitious plan.

1 year ago

PR24: South East facing ‘unprecedented’ network pressure

1 year ago

PR24: South West to investigate peak charging

1 year ago

Market Stabilisation Charge will expire in 2024

1 year ago

Severn Trent adopts Kraken

1 year ago

Ofgem proposes bill hikes to cover record supplier debt

1 year ago

Yorkshire embarks on £10m wastewater upgrade

Yorkshire Water has begun £10 million upgrades to a wastewater treatment site in Dronfield to remove phosphorus from treated effluent and improve water quality in the river Drone. The project is part of a wider investment of £500 million to reduce excess nutrients entering waterways across Yorkshire's region.

1 year ago

PR24: Portsmouth aims to be first ‘fully smart’ company

1 year ago

Dogger Bank produces power for first time

1 year ago

PR24: Welsh Water customers support bills hike

Welsh Water has strong customer support for its ambitious business plan, despite almost half of customers admitting the proposed bills will be difficult to pay. The company has set out plans to improve services and performance for the years to 2030 and will ask customers to pay an extra 26%.

1 year ago

The new trilemma posed by PR24

1 year ago

Ofwat has ‘systematically restricted investment’

1 year ago

Thames: Our assets need £20bn upgrade

The cost of upgrading and future-proofing Thames Water’s ageing assets would be almost £20 billion, the company has revealed. To tackle the most pressing issues, Thames has proposed spending £4.7 billion on its assets in the five years to 2030. The figures are revealed within Thames’ PR24 business plan which it made public on 5 October, three days later than Ofwat’s submission deadline.

1 year ago

Wessex targets £3.5 billion AMP8 spend

1 year ago