Edition:
United States

UK's ‍Ofwat Says Confirms Outcome Delivery Proposals For 3 Water Companies​


Friday, 15 Dec 2017 02:16am EST 

Dec 15 (Reuters) - UK's ‍Ofwat::CONFIRMS OUTCOME DELIVERY PROPOSALS FOR THREE WATER COMPANIES​.TO APPLY NET UNDERPERFORMANCE PENALTY TO SOUTH WEST WATER OF £2.09M WHICH REFLECTS UNDERPERFORMANCE ON POLLUTION INCIDENTS ACROSS LAST 2 YRS.‍HAS AGREED THAT SEVERN TRENT SHOULD TAKE ONLY £11.4M OF PAYMENT NEXT YEAR​.‍SEVERN TRENT WATER HAS DONE BETTER THAN EXPECTED IN REDUCING SEWER FLOODING WHICH WILL RESULT IN NET OUTPERFORMANCE PAYMENT OF £38.4M​.‍HAS ALSO APPROVED AN OUTPERFORMANCE PAYMENT OF £2.6M FOR ANGLIAN WATER REFLECTING ITS REDUCTION IN LEAKAGE LEVELS."AGREED THAT SEVERN TRENT SHOULD TAKE ONLY £11.4M OF PAYMENT NEXT YEAR"​.