Yorkshire Water to be sold to its customers

Yorkshire Water is to be sold to its customers because its owner, Kelda, believes it cannot make enough profit from it. The water regulator’s recently introduced price cuts have prompted Kelda to sell the utility, privatised 11 years ago, for £2.4bn to a holding corporation owned by its customers. The corporation will own the reservoirs, […]

Yorkshire Water is to be sold to its customers because its owner, Kelda, believes it cannot make enough profit from it. The water regulator’s recently introduced price cuts have prompted Kelda to sell the utility, privatised 11 years ago, for £2.4bn to a holding corporation owned by its customers. The corporation will own the reservoirs, pipes and treatment plants but will continue to employ Kelda to operate its services. Kelda plans to concentrate on its water recycling business and its US water company Aquarion.