Ofwat is making “good progress” and hopes to provide an update “fairly soon” about its investigation into Southern Water, Utility Week understands.
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Steve Buck, who is currently group head of finance and transformation at Centrica has been appointed as Anglian Water’s new chief financial officer.
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Yorkshire Water has revealed that its mean ethnic pay gap is 3 per cent and has encouraged other companies to follow suit in publishing the data.
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Ofwat is close to finalising the wording of the new licence condition for water companies to meet principles concerning board leadership, transparency and governance.
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SES Water said it has “significantly lowered” its gearing from 77 per cent to below 60 per cent as it published its first ever “customer-friendly” guide which explains how the company its owned, run and financed.
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The shadow chancellor of the exchequer used his keynote speech at today’s (24 September) Labour party conference to unveil the party’s plans for a publicly-owned water system.
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Affinity Water has become the latest water company to announce it is considering removing its Cayman Islands financing subsidiary from its structure.
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More than 98 per cent of Yorkshire Water's bondholders and 100 per cent of US Private Placement (USPP) noteholders voted in favour of the changes required to close the offshore companies.
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Water companies must address concerns around corporate behaviour alongside producing their business plans for the upcoming price review, PR19, Ofwat’s chief executive has warned.
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A raft of commitments by Anglian Water will see it “speed up” the removal of its Cayman Islands subsidiary, cut dividends, increase investment and review its corporate structure, says Katey Pigden.
Analysis
Anglian Water is embarking on a transparency overhaul with a raft of commitments announced today (15 March), which will see it "speed up" the removal of it Cayman Islands subsidiary, reduce dividends, increase investment and review its corporate structure.
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