East Midlands: Severn Trent in buoyant mood after positive end-of-year results
Severn Trent say they are in good shape after announcing their end-of-year-results.
The company against has the lowest average water and sewerage bills in England and Wales for the fifth year running – a position the company plans to maintain right through to 2020.
Company director Simon Cocks, said: “Overall, we have invested more than £600 million this year and as a result, fewer customers than ever are at risk of sewer flooding.”
“Supply interruptions are also down and serious pollution incidents are at historic low levels.”
“We’ve invested £120 million of the extra £150 million from efficiency savings we announced in 2012, including an extra £14 million on sewer blockages, £16 million on sewage treatment works and £44million directly targetting and repairing leaks.“