Ofwat warns water companies over excessive increases in pay and retention payments without sufficient justification
Helen Campbell, Executive Director, Delivery at Ofwat, has written to the Remuneration Committee Chairs of the English and Welsh water companies warning them that excessive increases in base pay, retention payments or other types of remuneration without sufficient justification and transparency could undermine Ofwat’s objective of rebuilding public trust.
Thames Water Board maintains “pause” on Management Retention Plan payments
Sir Adrian Montague, CBE, Chairman of Thames Water has written to the Rt Hon Alistair Carmichael MP, Chair of the House of Commons Environment, Food and Rural Affairs Committee to confirm that the water company’s Board has decided to maintain its ‘pause’ on management retention payments.
Ofwat says new rule blocks payment of £4 million-plus in potential bonuses in first year of operation
More than £4 million of potential bonuses were blocked by Ofwat’s new rule on water bosses’ performance related pay in the last financial year as firms chose to comply, according to the water sector economic regulator’s latest performance related executive pay report published today.
Commons Committee warns regulators "missing in action" as failing water sector left to flounder
The House of Commons Public Accounts Committee (PAC) is warning that piecemeal regulators appear to be missing in action as failing water sector left to flounder, saying that regulators must provide much more clarity on plans to improve the financial precarity of the sector.
Steve Reed asks Ofwat to assess £1.3 million payments to Yorkshire Water CEO “as a matter of urgency”
Environment Agency Minister Steve Reed has asked Ofwat to assess £1.3 million payments to Yorkshire Water CEO Nicola Shaw “as a matter of urgency”.
News Showcase
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Barhale completes two Rapid Action Taskforce Spills projects for Severn Trent
Barhale has completed work on two separate Rapid Action Taskforce Spills projects it is carrying out for Severn Trent. -
Börger UK relocates to larger premises as sales continue to grow
Börger UK, which has firmly established itself as a leading pump brand since it was set up in Staffordshire in 2004, has moved into bigger, brand-new premises in Shrewsbury. -
Register for HUBER Technology UK webinar on water intake screens for municipal and industrial applications
HUBER Technology UK & Ireland are inviting people to register for their March webinar where they will be providing information about HUBER water intake screens for municipal and industrial applications. -
Sulzer launches global Water Treatment Center of Excellence for integrated water solutions
Sulzer has launched a new global Center of Excellence (CoE) for Water Treatment Solutions - the CoE consolidates Sulzer’s wastewater treatment expertise in a unified and global manner.
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Other Latest News
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- London Borough of Wandsworth tenders c£621,000 contract for cold water testing
- Scottish Water tenders £2.2 million contract for the supply and delivery of static mixers
- Mining Remediation Authority awards £2 million contract for legal services
- Yorkshire Water restarts storm overflow investment in North Yorkshire
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Scottish Water completes £235m investment in two-way connection between drinking water networks
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply. -
United Utilities accelerates investment to reduce spills from storm overflows across Northwest
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest. -
Working for WSP - what if you could build a career as unique as you? With us, you can
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video.
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