Jul 10, 2024
South East Water warns it needs more investor cash
GETTY IMAGES. South East Water says it needs more cash from investors to stay afloat ahead of a ruling on its future spending plans by water regulator, Ofwat. On Thursday, Ofwat is set to deliver a draft verdict on water companies' proposed five-year spending plans and bill increases. SOUTH EAST WATER. A final decision will be made in December, following a negotiation period between the regulator and water companies. South East Water has put forward plans that would see spending increase to £1.9bn, including through raising customer bills by 22%, to maintain and update its infrastructure. South East Water said it had "Entered into a constructive and transparent dialogue" with Ofwat since the investigation was launched.
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