Water

Contractors sought for £2.8bn water frameworks

Unlimited fines for CSO spills confirmed

Thames explains £250m investment discrepancy

Pennon acquires solar sites

Pennon has acquired three solar PV generation sites that will add around 95GWh of renewable energy to the company's portfolio. This equates to 40% of Pennon's electricity usage as it works towards a target of 50% renewable self-generation as part of net zero ambitions.

Water beats national average for customer satisfaction

Thames Water results: Five things we learnt

Thames Water has published its eagerly-awaited annual results, following a fortnight of speculation about its financial health. The headline figures show revenue grew by 4% to £2.3 billion during the past year but EBITDA dropped 3% to £1.1 billion. Also within the 183-page document were revelations about bonus payments, environmental provisions and shareholder commitments.

Thames Water overhauls bonus structure

Thames shareholders agree to inject £750m

Consumers want higher standards of water service

Renationalisation of water not the answer, says Conservative MP

Conservative MP John Penrose has warned that the water sector “would be worse had politicians been in charge”. Instead of renationalisation, Penrose told Utility Week that a “cheaper, quicker, tougher” regulatory regime was required.

Water retailers fear impact of wholesaler uncertainty

Is the UK ready to close the loop on phosphorus?

Ofwat: We should have stepped in sooner to tackle debt

Ofwat’s chief executive has admitted that the regulator should have intervened in 2006 to prevent water companies becoming loaded with debt. David Black told a House of Lords inquiry that light touch approaches to regulation in the early 2000s had given private equity a route into the sector, but that Ofwat was now using “every tool” to bring high gearing levels down.

Performance woes hamper Thames’ equity hopes

Thames interim leaders reassure staff in leaked video message

The interim bosses of Thames Water have stressed that the company is in a "strong" position in a video message recorded for all employees. In the video - marked as "secret" - interim co-CEOs Cathryn Ross and Alastair Cochran urge staff to continue work as normal despite growing uncertainty about the company's future.