South West Water customers given £450m in subsidies while firm dished out £1.5bn in dividends November 25, 2024 South West Water customers were given nearly half a billion pounds in government subsidies to keep their bills down, despite the water firm shelling out three times that amount in dividends to shareholders over the same period. The Department of Environment, Food and Rural Affairs (Defra) has been giving people in South West Water’s catchment [...]
Severn Trent hikes dividend as profit nearly triples November 20, 2024 Coventry-headquartered Severn Trent was fined more than £2m for polluting the River Trent near Stoke in February.
Water firms’ industry body: Dividend payouts haven’t affected infrastructure investment September 1, 2024 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 August 28, 2024 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 August 28, 2024 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".