Yorkshire Water
Article Abstract:
Yorkshire Water has agreed with the UK Office of Water Services (Ofwat) that it will not increase prices by above the rate of inflation prior top 2000. The company was previously permitted by raise prices by 2.5% above the level of inflation. Yorkshire Water reported a rise in operating profit to 173 million pounds sterling for 1995 from 150 million pounds in 1994. The company is increasing spending on infrastructure to 380 million pounds in 1996 compared to 235 million pounds in 1995.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Water
Article Abstract:
United Kingdom water utilities almost possess monopolies, but their stock prices have been volatile, partly because of the actions of the industry regulator. The industry has attracted adverse publicity on a number of issues such as the salaries of its top executives. Many water companies are seeking to diversify due to pressure from the regulator on their main activity. They are moving into related areas in the UK such as waste disposal, and investing abroad.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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The trials of running water
Article Abstract:
UK water utilities are regulated by the Office of Water Services (Ofwat) and its director general is Ian Byatt. There are particular problems of low investment in the water industry, so the job of the regulator is different from the job of regulators in other industries, argues Byatt. Hoffman does not see compulsory metering as likely for all users, but Byatt sees meters as useful for regulating watering of gardens.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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