Severn Trent Water reports an 11% boost in turnover, as profit before rises to £509m.
By Andy Giddings & Press AssociationSevern Trent Water has said the water industry should have acted faster to reduce sewage spills.It said it anticipated the "biggest investment period the sector has ever seen" and announced plans to boost capital investment by up to £1bn.as suppliers prepared to tackle spills.
On Wednesday, the firm said it hit 100% of its performance pledges, but added: "However, as a sector, we recognise that we should have given sewage activations much more attention and acted faster, and we want to be a driving force for positive change." Speaking on Friday, its chair, Ruth Kelly, said: "We're sorry about the upset and the anger from the fact that there have been overspills of untreated sewage on to beaches and into rivers over the past few years. We're sorry that we didn't act sooner, and but we get it."
The supplier serves about eight million people in homes and businesses in Shropshire, Herefordshire, Worcestershire, West Midlands, Staffordshire, Warwickshire, Derbyshire, Leicestershire, Nottinghamshire, Northamptonshire, Gloucestershire and Lincolnshire.
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