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SP GLOBALS&P Global Ratings has lowered its credit ratings on Northumbrian Water Limited (NWL) and parent holding company, Northumbrian Water Group Ltd. (NWG) to 'BBB' from 'BBB+', due to pressure on NWL's operating and financing costs due to rising inflation and heavier than anticipated capital expenditure (capex).

CLANCY GROUP - pipelifter in action at Chesterton Farm 1Clancy Group has maintained its solid growth trajectory for a fourth consecutive year in the twelve months to 3 April 2022, according to its latest set of annual results.

Drought - low water levels Derwent Valley ReservoirParticipants at the latest National Drought Group (NDG) meeting have set out further action needed now and over winter to mitigate the impacts of drought on water supplies, agriculture and the environment next year.

OFWAT DPC PR24 GUIDANCEOfwat has published new guidance setting out its expectation for water companies in England and Wales to deliver all projects worth £200 million-plus via Direct Procurement for Customers (DPC) in their business plans for the 2024 Price Review.

WATERWISE LOGO 1Influential campaigning organisation Waterwise is warning that Ofwat’s draft methodology for the upcoming 2024 Price Review is lacking in many areas – and says that the water sector regulator “should not be marking its own homework on the impact of its price reviews”

MET OFFICE RECORD UK TEMPERATURES JULY 2022The UK’s new record-high temperature of 40.3°C at Coningsby, Lincolnshire, has been confirmed by the Met Office, following a rigorous process of analysis and quality control.

WELSH WATER  CARDIFF UNIVERSITY STRATEGIC PARTNERSHIP 1Cardiff University and Dŵr Cymru Welsh Water have signed a strategic partnership for future collaboration and research. The agreement between Wales’ biggest research university and the only not-for-profit utility company in Wales and England will facilitate mutual access to research, services and expertise.

SCOTTISH WATER - SENSOR EQUIPMENT IN MANHOLEScottish Water is in the early stages of investing up to £100 million over the next five years in its intelligent asset base which is designed to use new technology to monitor sewage pipes.

FIBER IN WATER DIAGRAM 1Yorkshire Water and partners have received a Government grant to kickstart the fibre in water market within the UK.

OFWAT LOGOOfwat has launched an informal consultation on its proposal to modify licence fees paid by water companies which are currently capped – the regulator’s aim is to ensure that the budget agreed with HM Treasury as part of the 2021 Comprehensive Spending Review (CSR) can be funded and to future-proof the fee cap.

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