UK water regulator finds Severn Trent unit breached wastewater obligations

By Reuters News

- British regulator Ofwat said on Friday that it had found Hafren Dyfrdwy, a unit of Water utility Severn Trent SVT.L, in breach of its legal obligations over failures in the management of wastewater and sewage services.


  • The water regulator's investigation found that Hafren Dyfrdwy failed to adequately provide drainage services and manage the contents of its sewer network, breaching its statutory duties

  • Ofwat also found the company had previously breached licence requirements by failing to maintain adequate processes and systems, although it has since put those measures in place

  • The company has proposed an enforcement package worth £280,000 ($372,652), which Ofwat has provisionally agreed to accept

  • The enforcement package will be funded by the company and its shareholders, rather than customers, and must be delivered by 2030

($1 = 0.7514 pounds)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.