by Suff » 23 May 2018, 17:33
Not shocked at all. Anglia water pumps its water out of wells. So when the privatised they went on a massive exercise of pipe renewal and infrastructure upgrade. My father's water pressure went up from 2 bar to over 8 bar simply by the lack of leakage in his line.
The net result? The markets dropped the share price and punished the company for "wasting" good shareholder dividend on "non essentials".
The dark underbelly of the capitalist beast. This is the kind of thing Government regulations are made for. Regulate? Not really, much better to spend on 900 dedicated anti "hate crime" police in London than legislate to make sure the people have clean water to drink and bathe in...
Surprised though. I thought it would be higher. Yorkshire water was blocked from redistributing water over the river system because of the levels of signal crayfish in the reservoirs which was driving out the native crayfish in the rivers, as I recall. Which makes the whole distribution thing much harder.
Around London they have been closing reservoirs and building houses on them because the land value is astronomical. Which begs the question "where the hell did they expect to get the water from?". There is a new 20ft water main which now rings London. It would seem that the more affluent water area's, like Wales, are expected to contribute to the London water situation.
London did, however, under Boris, open a water desalination plant (blocked by the most wonderful Ken LivingScum), which produces enough fresh water for 1M people every day. The plant cost a measly £250M. Given the propensity to move more and more to renewables, these type of plants could be carbon neutral by two decades from now. 4 more and London is water assured 24x7x365 with minimal feed in from outside.
Nobody said it had to make sense...
There are 10 types of people in the world:
Those who understand Binary and those who do not.