UK Utilities Boost Sewage Spill Investment, But Not Thames Water [BNN Bloomberg (Canada)]
SEVERN TRENT PLC SPON/ADR (STRNY)
NASDAQ:AMEX Investor Relations:
severntrent.com/investors/overview
Company Research
Source: BNN Bloomberg
New funding from Anglian Water Services Ltd., Severn Trent Plc, Southern Water Ltd., South West Water Ltd., United Utilities Group Plc and Wessex Water Services Ltd. is expected to result in 8,000 fewer sewage spills in the next 12 months, according to a statement from the environment department, known as Defra, released Monday. Environment Secretary Steve Barclay has been urging sewage companies to accelerate plans to reduce storm overflows, which are supposed to only release excess sewage into water ways when the system is under strain. Still, overflows regularly happen because of poor maintenance. That has caused public anger, with critics blaming water companies for decades of underinvestment. “The amount of sewage being spilled into our rivers is completely unacceptable and the public rightly expects action,” Barclay said, according to the statement. In January, Barclay threatened chief executives that he would halt dividend payments to companies that were illegally spilli
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