The issue of debt levels has long been growing as a source of conflict between water companies and the regulator. But with the sector facing a public backlash over sewage discharges and pollution, questions are now being asked more widely about their financial arrangements too. In a special report, Utility Week examines the current debt levels of the sector, whether high gearing has enabled companies to generate excess profits, and if it’s possible to draw a link between ownership, gearing and operational performance.
Tapping into debt
