United Utilities provides trading update and cost change response ahead of results
The company targets 10-11% regulatory returns, seeks £1bn investment for resilience, and expects Ofwat's final decision in December.
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Water and wastewater services provider
unitedutilities.comLast updated
In short: United Utilities published its £3.7bn Only Rainwater into Windermere plan and welcomed £975m Ofwat approval.
The company targets 10-11% regulatory returns, seeks £1bn investment for resilience, and expects Ofwat's final decision in December.
The utility pleads guilty to environmental breaches and funds infrastructure upgrades plus local community projects including a paddling pool and marine lake.
The ruling grants nearly £975 million in allowances, securing substantial infrastructure investment to boost regional resilience and economic growth across the North West.
Reports strong financial growth, operational improvements, and upgraded AMP8 investment plans. Revenue up 20%, EPS 107.1p.
United Utilities (LSE:UU.) said guidance is unchanged as it responded to the regulator's draft funding decision.
United Utilities has welcomed the decision by Ofwat to provisionally approve £975 million of new investment, which it claims will create 4,000 additional jobs across...
The move puts the monopoly supplier to seven million households in north-west England on a collision course with the former Manchester mayor.
United Utilities (UU) has outlined a multi-billion pound investment programme which it will reduce the number of sewage spills into places...
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