United Utilities
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| Type | Public company |
|---|---|
| Traded as | LSE: UU. |
| Industry | Utility – water, waste water |
| Founded | 1995 |
| Headquarters | Warrington, England, UK |
| Key people | Dr. John McAdam (Chairman) Steve Mogford (CEO) |
| Products | Water, waste water |
| Revenue | £2,439.1 million (2010)[1] |
| Operating income | £817.9 million (2010)[1] |
| Net income | £426.5 million (2010)[1] |
| Employees | 9,365 (2010)[1] |
| Website | www.UnitedUtilities.com |
United Utilities Group PLC (UU) (LSE: UU.) is the UK's largest listed water business. The Group owns and manages the regulated water and waste water network in the north west England, through it subsidiary United Utilities Water PLC (UUW), which is responsible for the vast majority of the group's assets and profit.
United Utilities has its headquarters in Warrington with 9,000 employees. Its shares are listed on the London Stock Exchange and it is a member of the FTSE 100 Index.
Its water business is regulated under the Water Industry Act 1991
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[edit] History
United Utilities was created in 1995 by the merger of North West Water and NORWEB.
It sold its telecoms business, Your Communications in 2006, and Vertex in March 2007.[2]
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 Limited became the licensed Distribution Network Operator for the north west of England as a consequence of the sale.[3] United Utilities continued to operate and maintain 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 which owns, operates, manages and maintains the network.[4]
[edit] 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.[5]
[edit] References
[edit] External links
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