4th Apr 2005 08:00
UNITED UTILITIES SIGNS CONTRACT WITH SOUTHERN WATER Further to being named as preferred bidder earlier in the year, and as part ofa consortium, United Utilities confirms that it has completed formal contractsignature with Southern Water to help deliver its 2005-10 quality andenvironmental capital investment programme.The contract, which begins immediately and lasts for five years, is wortharound ‚£750 million to the consortium, of which United Utilities has a 40 percent share. The other partners are Costain and MWH, who have shares of 40 percent and 20 per cent respectively.John Roberts, Chief Executive of United Utilities said:"We're delighted to have completed formal contract signature with SouthernWater, which further reinforces our position as the UK's leading utilityinfrastructure outsourcing business."As well as managing our own water, wastewater and electricity assets in theNorth West, United Utilities now operates substantial outsourcing contractsspanning the utility value chain with Scottish Water, Welsh Water, SouthernWater and British Gas Trading. In addition we expect to complete formalcontract signature to operate the North of England gas distribution network,where we've already been named as preferred bidder, later in the year."For further information please contact:Simon Bielecki, Investor Relations Manager +44 (0) 7810 157649Evelyn Brodie, Corporate and Financial Communications +44 (0) 20 7307 0309 United Utilities' A shares and ordinary shares trade on the London StockExchange and its ADRs, each equal to two ordinary shares, trade on the New YorkStock Exchange under the Trading Symbol 'UU'.ENDUNITED UTILITIES PLCRelated Shares:
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