IN BRIEF – EUROPE
- From: Vol 8, Issue 11 (November 2007)
- Category: Brief
- Region: Europe
- Country: Spain and United Kingdom
- Related Companies: Bristol Water, Costain, Dee Valley Water, Earth Tech Morrison, Royal Bank of Scotland, Severn Trent, Southern Water, United Utilities, VWS Westgarth, Welsh Water (Dwr Cymru) and Yorkshire Water
* Ofwat plans to fine Southern Water £20.3 million after the company deliberately misreported information, leading to customers receiving higher than necessary bills.
The company meekly accepted the amount of the fine, which amounts to 3.5% of Southern’s turnover for the year ended 31 March 2007.
* Welsh Water has signed a leasing agreement with RBS for a section of refurbished water mains, enabling the company to raise £85 million of funding against the asset. Under the terms of the deal, Welsh ...
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