| Severn Trent plc | |
|---|---|
 |
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| Type | Public (LSE: SVT) |
| Founded | 1974 |
| Headquarters | Birmingham, England, UK |
| Key people | Sir John Egan, Chairman Tony Wray, CEO |
| Industry | Utility |
| Revenue | £2,295 million (2006) |
| Operating income | £472 million (2006) |
| Net income | £223 million (2006) |
| Employees | 16,312 (2006) |
| Website | www.severn trent.com |
Severn Trent plc (LSE: SVT) is a British utility. It is traded on the London Stock Exchange and is a constituent of the FTSE 100 Index. Severn Trent is a group of companies employing more than 15,000 people across the UK, US and mainland Europe. The main companies in the group are Severn Trent Water, Severn Trent Laboratories and Severn Trent Services. It is regulated under the Water Industry Act 1991
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Severn Trent Water
Severn Trent Water is one of the ten privatised water companies in England. It supplies fresh water and treats sewage for around 8 million people in the Midlands of England and also certain regions of Wales. It takes its name from the two major rivers in this area, the Severn and the Trent.
Origins
The company was formed as the Severn-Trent Water Authority by the Water Act 1973, taking over the following public sector water supply utilities:[1]
- Birmingham Corporation
- Coventry Corporation
- Leicester Corporation
- Nottingham Corporation
- Stafford Corporation
- Wolverhampton Corporation
- Cannock Rural District Council
- Central Nottinghamshire Water Board
- Derwent Valley Water Board
- East Shropshire Water Board
- Montgomeryshire Water Board
- North Derbyshire Water Board
- North East Warwickshire Water Board
- North West Gloucestershire Water Board
- North West Leicestershire Water Board
- North West Worcestershire Water Board
- Rugby Joint Water Board
- South Derbyshire Water Board
- South Warwickshire Water Board
- South West Worcestershire Water Board
- Staffordshire Potteries Water Board
- West Shropshire Water Board
- East Worcestershire Waterworks Company †
- South Staffordshire Waterworks Company †
as well as two river authorities, responsible for control of water pollution:
- Trent River Authority
- Severn Trent Authority
† The Authority only exercised sewerage powers in the company's area, which continued to be a statutory water supply only company.
The company today
According to the company website,[2] the company supplies 7,400,000 customers, operates 45,674 kilometres of water mains and 53,325 kilometres of sewers. Like other water companies in England, Severn Trent Water is regulated by Ofwat, the Water Services Regulation Authority. In 2005, the company was ordered by Ofwat to repay £4M to customers that it overcharged them and is currently being investigated by the serious fraud office over financial irregularities. Additionally, in February 2006, following an internal investigation, the company admitted to have misreported Customer Relations data submitted to OFWAT, a number of senior level resignations followed this disclosure. In October 2006 the waste company Biffa was demerged from the Severn Trent group and is now listed separately on the Stock Exchange. In January 2007 the American side of Severn Trent Laboratories was sold to HIG Capital. In September of 2007, the company announced they would be closing their headquarters in Birmingham and relocating to a custom built office complex in the centre of Coventry.
Reservoirs
The company operates a number of reservoirs, many of which are accessible for recreational use. These include:
- Carsington Reservoir
- Clywedog reservoir
- Draycote Water
- Foremark Reservoir
- Upper Derwent Valley (Derwent, Howden and Ladybower Reservoirs)
- Lake Vyrnwy
- Tittesworth reservoir
- Ogston Reservoir
See also
NB: Biffa plc is no longer part of the Severn Trent group of companies.
External links
- Severn Trent Water Homepage
- Severn Trent PLC
- Severn Trent Laboratories
- Severn Trent Company Information
References
- ^ The Severn-Trent Water Authority Constitution Order 1973 (S.I. 1973 No.1437
- ^ Facts and Figures about Severn Trent Water
