Severn Trent to buy Dee Valley Water for £78.5m

Severn Trent plans to buy Dee Valley Water in a deal worth around £78.5 million. It will pay 1,705 pence per share for the rival supplier, which serves around 260,000 customers in Cheshire and North Wales. Severn Trent said it will extend support for vulnerable customers and any wholesale cost efficiencies achieved would be shared […]

Green light for Severn Trent-United Utilities merger

Severn Trent and United Utilities have been given the green light by the Competition and Markets Authority (CMA) to form a joint venture targeting the business water retail market. The new company ‘Water Plus’ will be based in Hanley, Stoke on Trent and combine their non-household water and wastewater retail businesses, employing 400 people. It […]

Severn Trent-United Utilities to merge business retail water service

Severn Trent and United Utilities (UU) have joined forces to combine their non-household water and wastewater retail businesses. The joint venture (JV) will serve non-household customers when they are able to choose their retail water supplier from April 2017. The two companies will combine their customer-facing activities including sales, customer service, business strategy and credit […]

Severn Trent fined £480k for pollution

Severn Trent has been ordered to pay £480,000 for a pollution incident. According to the Environment Agency, raw sewage leaked into a farmer’s field and a pond in a private fishery at Bramley, Rotherham last year. It added Severn Trent had been warned on two previous occasions for similar incidents at the same location. The […]

EU bank loans Severn Trent £530m

The European Investment Bank (EIB) is loaning a UK water company £530 million to support its five-year investment programme. Severn Trent provides drinking water and waste water treatment services to more than 4.3 million homes and businesses across the Midlands and mid-Wales. Under UK water regulator Ofwat’s 2015 – 2020 price review period, around £3.3 billion […]

Severn Trent to pour £190m into renewable energy

Severn Trent is to invest £190 million in renewable energy generation in the next five years. The water supplier said it will spend the cash on solar and anaerobic digestion power plants. That is expected to increase its energy generation from renewable sources by around 50% by the end of the decade – up from […]

Severn Trent hopes upgrading water pipes saves dosh

British building firm Costain has won a contract to upgrade Severn Trent’s infrastructure networks and sewage treatment facilities (such as those, pictured) between 2015 and 2020. It has promised the water company will tap into efficiency savings with the improvements. If Ofwat approves Severn Trent’s business plan, Costain will earn £50 million for the project.

Severn Trent sewage plant gets wind turbine

Severn Trent Water will be powering its sewage plant near Leicester with wind by Christmas after building a new turbine there. The 130m-high turbine dubbed ‘Windy’ by local schoolchildren is expected to generate around 5,000 megawatt hours of electricity a year, enough to supply around 1,500 homes with power. Jon Beeson, renewable energy specialist at […]

New Severn Trent boss to be fourth woman in FTSE 100

The water company Severn Trent has appointed a new Chief Executive to take over from the current boss, Tony Wray, who is retiring next year. Liv Garfield (pictured) is currently the Chief Executive of BT Openreach and headed up the firm’s rollout of fibre optic broadband. She will be just one of four female executives […]

UK water firm rejects new £5bn takeover bid

Water company Severn Trent has rejected a higher takeover offer worth around £5 billion from a group of international investors. In a statement, the supplier said LongRiver’s interest “fails to reflect the significant long term value” of the company “or to recognise its future potential”. The news follows a previous rejection worth around £4.96 billion […]