Ofwat has published a position paper on water charges and company profits.
The paper explains the basis on which the companies funded, the need to make profits to reward investors and to raise capital to finance their investment programmes. It also points out the fact that Ofwat has no formal powers to control profits – but that it also has a statutory duty to ensure that companies are able to finance their functions, particularly by securing a reasonable return on their capital. Ofwat has also pointed out that it has no formal power to control dividends. The paper has been released at a time when the water and wastewater companies have begun to announce their annual financial results. The water companies have already been the target of criticism suggesting that they are set to make run-away profits. Earlier this week United Utilities announced a greater than expected 17% increase in profits for 2007-08 when it published its results.
ABB has launched AquaMaster+™, a digital platform for smart water network management, designed to help water utilities monitor, analyze and manage their water networks, preventing pipeline water losses and optimizing operations.
Craig Nienaber, Business Development Manager for Safe Access Solutions (SAS) at HUBER Technology, explores why the company is seeing a growing level of interest in its safe access solutions for critical infrastructure providers, including their application in wastewater treatment assets.
Albion Water, the first NAV (New Appointment & Variation) to have been established in1999 and now under the ownership of SDS Water Group, has appointed Andy Holland as its new Director of Business Development.
UK water companies are invited to join an upcoming webinar which will explore how the sector can take indirect potable reuse (IPR) from concept to full-scale operational reality.
Southern Water has released film and images showing what it’s like to walk inside Hampshire’s expanded Yew Hill underground reservoir for the very last time, before it gets filled with water.
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.