Member Article

Increased revenues for North West utilities firm

Warrington-based United Utilities has said expects higher revenues than last year, which will be offset by operating costs.

The firm say customers switching to meters, and continued lower commercial volumes will impact revenues, as will spending on infrastructure, impacted by the transfer of private sewers.

United said profits would be evenly distributed across both halves of the year, and was confident in meeting its regulatory targets.

Capital investment associated with regulation was expected to be slightly higher in the second half of 2012/13, compared with the first half of the year.

Group borrowings, net of cash and short term deposits and derivatives, at the half year were expected to be higher than previously expected in March.

This is due to capital investments, payment of the 2011/12 final dividend and payments in relation to pensions, interest and tax.

This was posted in Bdaily's Members' News section by Tom Keighley .