CORPORATE

• From: Vol 4, Issue 10 (October 2003)
• Category: Need to know
• Region: Europe
• Country: France
• Related Companies: American Water Works, Anglian Water, AWG, Bayer, Bechtel, Berlinwasser, California Water Service Co (Cal Water), Credit Suisse First Boston, Deloitte & Touche, Dwr Cymru, ECO Resources, Eurawasser, Gelsenwasser, General Electric/Osmonics, International Water (IWL), Kellogg Brown & Root, KPMG, Lahmeyer International, Macquarie Bank, Middlesex Water, Mitsui & Co., Moody’s, Nalco, Northumbrian Water, Ondeo, Pennon/South West Water, PricewaterhouseCoopers, Royal Bank of Scotland, RWE, RWE/Thames (Water), Saudi British Bank, Saur, Saur/Bouygues, Schwab Capital Markets, Severn Trent Water, Société Générale, South East Water, Southern Water, Standard & Poor’s, Suez, Thames Water, United Utilities, US Filter, Veolia, Wessex Water and Yorkshire Water

The quoted British water companies seem to be faring a little better. AWG, Severn Trent and Pennon each came in with relatively upbeat trading statements as they closed their first-half accounts at the end of October.

All have their eyes on the regulator’s price review for the 2005-2010 price review period. Submissions are in and negotiations have begun but three firms, AWG, Northumbrian and United Utilities, have asked to be able to increase their prices a year earlier to take account of increases in non-payment and higher levels of spending. Meanwhile Ofwat has published a ...