Yorkshire Water unveils draft investment proposals for 2010 - 2015

Kelda Group Ltd’s principal subsidiaryYorkshire Water has today submitted its draft business plan to Ofwat, which outlines the company's priorities for the period 2010-2015 and a planned investment of £1.9bn in the Yorkshire region.

Despite facing huge increases in power prices and the need to meet higher environmental standards, Yorkshire Water will deliver all of this investment for less than £2 per year extra on customers' bills over the next five years.

In doing this, Yorkshire Water is striking the right balance for Yorkshire and taking into account the needs of its customers and stakeholders who have been consulted throughout the draft business planning process.

Jonathan Hodgkin, director of regulation for Yorkshire Water says:"Our draft business plan outlines how we will achieve our key objectives of delivering a customer experience second to none, maintaining a strong environmental focus and achieving the lowest possible prices for customers."

"It will also enable us to achieve our 25 year strategy and continue to work towards our vision to be clearly the best water company in the UK."

During 2010-2015 Yorkshire Water plans to invest £1.9bn in line with customers' highest priorities.  This will include:

Maintaining high standards of service and water quality
Reducing the number of properties that experience internal sewer flooding
Continuing to ensure that people in Yorkshire have a secure supply of drinking water 
Minimising pollution incidents and delivering improvements to rivers and beaches

The submission of Yorkshire Water's draft business plan is the start of a two-year process which involves working closely with Ofwat before the final plans are determined. 

Over the period 2005-2010, Yorkshire Water will have invested £1.5bn in the region's infrastructure, which has helped to ensure that Yorkshire has had no hosepipe bans, that the rivers are cleaner than they have ever been and customers' are receiving some of the best quality water in the country. 

For further information visit Yorkshirewater.com/PR09