COMPANY NEWS

Ofwat, the UK water regulator, published the English and Welsh water companies’ plans for the 2005-2010 review period.

They include £20 billion of new investment ($34 billion). This means hefty increases in bills – unless the unitegovernment decides to scale down its ambitions for the environment, which are the main driver of new investment in the sector (see story page 11). The UK regulator also announced that it would let Northumbrian and United Utilities increase prices in 2004-5 in ...

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