- Debt loads to rise as spending forecasts climb
- Sector expenditure overall to double from 2025 to 2030
It’s no secret that England’s water companies need to spend big to upgrade their leaky infrastructure. The interim reports of the country’s three listed water companies, Pennon Group (PNN), United Utilities (UU.) and Severn Trent (SVT), suggest they have every intention of doing so.
The latter group said it’s planning to invest £5bn in enhancement projects across AMP8, the price control period from 2025 to 2030. Meanwhile, Pennon Group, the owner of Bristol Water and South West Water, has £4.5bn earmarked for the same window. United Utilities has been more tight-lipped, but tender plans suggest its investment programme will far exceed the £1.5bn it committed to invest in the five years to 2025.