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Southern Water has incurred the wrath of The Pensions Regulator (TPR) after it was revealed the utility giant had prioritised dividend payments to shareholders over payments into the company pension scheme, despite a multimillion pound pension scheme deficit.
6 years ago
SES Water said it has “significantly lowered” its gearing from 77 per cent to below 60 per cent as it published its first ever “customer-friendly” guide which explains how the company its owned, run and financed.
The 12-week project has helped to remove air from water supplies in Cefn and Llangollen, following customer complaints they were experiencing high pressure and harmless, cloudy water coming from taps in their homes.
The South East’s water companies have been encouraged by the government to work together more closely to boost regional supply in the updated planning blueprint for the sector.
As part of a review of its corporate structure, which is nearing completion, Thames Water has pledged to have a majority of independent non-executive directors on its board.
Michael Gove has dismissed reports that the UK will run out of drinking water if there is no Brexit deal because insufficient quantities of chemicals have been stockpiled to treat it.
South West Water supported the Isles of Scilly operations during the summer months when water levels fell to extreme lows as the company prepares to take over the water supply of the area.
The water only company has also announced the appointment of Bob Taylor who will become chief executive on 1 January next year.
United Utilities has said it expects to be rewarded at least £11 million by Ofwat through the regulator's service incentive mechanism.
Water companies must increase their focus on customers to become “truly customer-centric”, Ofwat chief executive Rachel Fletcher has insisted.
Following a CCWater report calling for more help for those who are struggling to pay, Adam John hears what water companies are doing to support their most vulnerable customers.
Welsh Water has announced record levels of investment, with £219 million always spent on capital
Beyond the focus on resilience at PR19, water is becoming more and more recognised as
“We need to be better – I absolutely buy that. I am not in any way, shape or form side-stepping our responsibility. There are things that need to change.”