HC Deb 04 July 1995 vol 263 cc160-1W
Mr. Burden

To ask the Secretary of State for the Environment if he will list the efficiency savings for the last financial year for each water company for which figures are available. [32107]

Mr. Atkins

As a result of efficiency savings in 1994–95, water companies announced the following benefits:

For customers
Water company Cash Other
Anglian £12 million over 1 year £2 million Trust Fund
North West £90 million over 5 years £180 million Discretionary investment
Severn Trent £87 million over 4 years £24 million Discretionary investment
For customers
Water company Cash Other
Yorkshire £20 million over 1 year £125 million Discretionary investment
Welsh £40 million over 4 years £38 million Discretionary investment
Wessex nil £25 million Discretionary investment
For shareholders
Water company Special dividends Other
North West £90 million over 5 years nil
Severn Trent £87 million over 5 years nil
Yorkshire None announced £50 million efficiency dividend paid by core business to support future enhanced dividend growth
Welsh Water £9 million per annum in perpetuity Prospect of dividend growth from new base including special dividend

Mr. Burden

To ask the Secretary of State for the Environment if he will list the capital investment made in the last financial year for each water company for which figures are available. [32108]

Mr. Atkins

During 1993–94, the last full year for which information is available, capital investment made by the water industry totalled £2.9 billion. Figures for individual companies are not held centrally.

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