Type Public company Industry Water industry Revenue 1.72 billion GBP (2015) | Traded as LSE: UU. Area served North West England Founded 1995 | |
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Key people Dr. John McAdam (Chairman);
Steve Mogford (CEO); Products Drinking water
Recycled wastewater Stock price UU (LON) 993.30 GBX +3.30 (+0.33%)31 Mar, 5:11 PM GMT+1 - Disclaimer Headquarters Warrington, United Kingdom CEO Steve Mogford (31 Mar 2011–) Profiles | ||
Jordan s job swap down the drains with united utilities
United Utilities Group PLC (UU), the United Kingdom's largest listed water company, was founded in 1995 as a result of the merger of North West Water and NORWEB.
Contents
- Jordan s job swap down the drains with united utilities
- United utilities hit paydirt
- History
- Reservoirs
- Activities
- Water contamination
- References
The group manages the regulated water and waste water network in North West England - which includes Cumbria, Cheshire, Greater Manchester, Lancashire and Merseyside which have a combined population of nearly 7 million. The United Utilities Group was the distribution network operator for the North West until 2010 when the electricity subsidiary was sold to Electricity North West. United Utilities' headquarters are in Warrington and the company has 5,300 direct employees. Its shares are listed on the London Stock Exchange and the FTSE 100 Index.
North West England is the wettest region in England, and water hardness across the region is soft to very soft.
United utilities hit paydirt
History
In 1990 North West Water and NORWEB, the companies responsible for the provision of water and electricity to the North West, were privatised. In 1995, they merged forming United Utilities but retained their separate identities.
In 1998, UU listed on the New York Stock Exchange, but delisted its shares in 2007. In 2000, the North West Water and NORWEB branding was phased out in favour of United Utilities, the rebranding was completed by the end of 2001.
The company sold some of the businesses it had acquired, its telecoms business, Your Communications was sold in 2006, and Vertex in March 2007. In December 2007, United Utilities sold its electricity distribution network assets to North West Electricity Networks (Jersey) Limitied, a joint venture between funds run by Colonial First State (part of the Commonwealth Bank of Australia) and US investment bank JPMorgan Chase. Electricity North West became the licensed Distribution Network Operator for the north west of England as a result. United Utilities operated and maintained the network on behalf of Electricity Northwest until 2010, when Electricity Northwest bought the electricity network operations and maintenance arm of United Utilities to establish one Group.
In 2011, United Utilities was selected as the preferred bidder by Severn Trent Water to purchase the Lake Vyrnwy estate for £11 million. In 2012, United Utilities proposed a national water pipeline linking water sources in Manchester to London.
In April 2016, United Utilities received an 18-year loan of £500m from The European Investment Bank to support investment across the North West.
Reservoirs
United Utilities owns 184 reservoirs and is responsible for the provision and maintenance of water supply in the region. Some reservoirs operated by the company are outside the North West such as the Longdendale Chain in Derbyshire which were constructed by the Manchester Corporation in the 19th century and remain networked to the North West's water supply.
Activities
United Utilities operates water and wastewater networks. In North West England it is investing £3.6 billion between 2010–2015 to meet ever-increasing water quality standards, deliver environmental improvements and make their network more reliable.
Water contamination
On 7 August 2015 UU announced that cryptosporidium, a water-borne parasite that can cause diarrhoea and vomiting, had been detected in the water supply to Blackpool, Chorley, Fylde, Preston, South Ribble and Wyre affecting more than 300,000 customers. No cases of cryptosporidiosis were reported and the introduction of ultra-violet treatment units resulted in "boil water" notices being lifted in some areas. Investigations by UU and the Drinking Water Inspectorate had not identified the cause but work continued to remove it. On 6 September the water supply was declared free from contamination and restrictions were lifted.