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Friday, 11 September 2015 10:47

Ofwat: longer AMP cycles a possibility

Water industry regulator Ofwat has said it is not ruling out moving to an eight year price control and that there is “nothing magic” about the current five year AMP investment period.

New research from the New Climate Economy finds that investing in public and low emission transport, building efficiency and waste management in cities could generate savings with a current value of US$17 trillion by 2050.

Wessex Water says that customers in a small part of south Somerset who have been boiling their tap water should have supply returned to normal by the weekend - the local reservoir where the problem was identified has now been drained, cleaned and refilled.

The Government Legal Department (GLD) has announced the successful completion of the £4.3 billion contract for the Thames Tideway Tunnel, describing the government support package for the Tunnel as designed “to remove project risks that private sector investors would not have been prepared to take.”

The GMB, Unite and Unison unions have said they will conduct an official strike ballot next week for members employed in Northumbrian Water and Essex and Suffolk Water for industrial action on proposed changes to the Defined Benefit pension scheme.

Wednesday, 09 September 2015 08:16

Wessex Water issues boil water notice in Somerset

Wessex Water has issued a boil water notice to 250 properties in the Bratton Seymour, Shepton Montague, Yarlington, and Maperton areas of Somerset advising customers to boil their water before using it.

Fitch Ratings agency has assigned Bazalgette Tunnel Limited's initial £1 billion revolving credit facility (RCF) a 'BBB+' rating and assessed the Outlook as Stable.

Ofwat has launched a new consultation on its proposals to amend the guaranteed standards scheme (GSS) to ensure all non-household customers continue to be protected when the competitive market opens for business in April 2017.

Ofwat has launched a new consultation on its proposed set of charges scheme rules that would apply to charges schemes from the 2016-17 charging period - which also includes early stage consultation on the regulator’s emerging thinking in relation to wholesale charging rules and special agreements.

Europe’s long-term lending institution, the European Investment Bank (EIB), has agreed to provide £100 million to improve water supply and waste water treatment in the Southern Water region.

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