Northumbrian Water: Revenue nears £1bn as supplier returns to profit Business 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 [...]
Round two: Water firm seeks to appeal Ofwat penalties decision LAW Northumbrian Water is back in court today as it seeks to overturn a ruling in favour of Ofwat decision regarding penalties for supply interruptions
Thames Water fined £104m over wastewater failures in landmark Ofwat investigation Water Three water companies are facing fines totaling £168m for failing to properly manage their wastewater treatment works and networks, Ofwat has announced today.
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.
Victorians not to blame for present water woes, report reveals August 14, 2023 Government and industry claims that the UK's problems with sewage leaks are caused by ageing infrastructure have been challenged.
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".
Water investment bosses meet ministers amid hunt for fresh funding September 10, 2024 Ministers have held talks with bosses of water industry investment firms in a bid to attract fresh capital to the scandal-hit sector. Environment secretary Steve Reed held a roundtable with roughly 30 people representing investors in the sector such as pension funds on Tuesday in the City of London. Reed said he wants the water [...]
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.
Water firms risk £800m payout as lawsuits target ‘misleading’ pollution reporting August 9, 2023 Six English water companies are to face legal action over allegations of underreporting pollution incidents and overcharging customers.
Investments fail to flow from water companies, reveals Ofwat December 6, 2022 Water and wastewater companies are falling behind on their investment plans, according to industry watchdog Ofwat.