South West Water: 'Being profitable encourages investment'published at 10:09 Greenwich Mean Time 15 November 2017
South West Water has rejected criticism that it's handing more money to corporate investors and shareholders rather than investing in infrastructure.
The independent research group Corporate Watch has carried out an investigation into the firm's handling of customers money and found last year the company invested £183m on pipes and reservoirs, but paid owner the Pennon Group £213m.
South West Water said: "We report our operational and financial performance regularly and it is publicly available on our website.
"Being profitable encourages investment and keeps our borrowing costs down - they are one of the lowest in the industry.
"On average, each customer pays about £1.35 a day for our services, less than the cost of a cup of coffee."