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Severn Trent wary of growing water debt
- Article from:
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Yorkshire Post
- Article date:
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July 23, 2008
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Copyright informationCopyright 2008 Yorkshire Post. Provided by ProQuest LLC. (Hide copyright information)
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WATER firm Severn Trent says it is keeping a close eye on
customer debt, which it expects to rise as the gloomy economic
outlook continues to hit consumers.
In a trading statement ahead of its AGM yesterday, the water
company also said cash-strapped customers are using less water,
which is expected to hit revenues to the tune of Pounds 12m to
Pounds 14m. But it added falling consumption has not hit its overall
performance, with trading in line with expectations.
Severn Trent also revealed at its AGM in Birmingham it will not
appeal against a Pounds 2m fine for misreporting leaks.
Severn Trent serves a population of more than eight million
people, or 3.7m households and businesses, stretching ...