Water Companies: Standards

Summary

To ask the Secretary of State for Environment, Food and Rural Affairs, if he will take legislative steps to suspend dividend payments to shareholders of water companies found to be in breach of restrictions on the release of sewerage into waterways.

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Timeline

1. 17 January 2024

   Written question

   To ask the Secretary of State for Environment, Food and Rural Affairs, if he will take legislative steps to suspend dividend payments to shareholders of water companies found to be in breach of restrictions on the release of sewerage into waterways.

   Source: Commons

2. 14 February 2024

   Answer

   We are clear with Ofwat that increases to customer bills must not flow through to company profits, dividends or to executive bonuses where performance is poor. Using new powers granted to Ofwat by this Government under the Environment Act 2021, Ofwat intr...

   Source: Written answer

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• · Department for Environment, Food and Rural Affairs · Answering body

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