Committee publication · Correspondence · 13 May 2025
Correspondence to Susan Davy, CEO, Pennon Group regarding Reforming the water sector inquiry, dated 13 May 2025
From: Environment, Food and Rural Affairs Committee
Inquiry: Reforming the water sector
Summary
The Environment, Food and Rural Affairs Committee writes to Pennon Group CEO Susan Davy requesting detailed information on remuneration models, dividend policies, and spending on advertising and legal fees for the company's water and wastewater operations. The Committee expresses concern about executive bonuses, dividend payments, and billpayer money spent on legal action against regulators.
Key findings
- Committee seeks details on remuneration committee selection, senior executive bonus policies, and how these have evolved over five years
- Committee concerned about bill payer funding for advertisements and legal action against Ofwat, the Environment Agency, and the Drinking Water Inspectorate
- Committee requests five-year breakdown of spending on advertising and legal activities with rationale for expenditure
- Inquiry addresses 'culture of bonuses and paying dividends' with 'varying standards' across the industry
Tone
ProceduralTopics
water-regulationcorporate-governanceexecutive-paypublic-financeutilities
Key actors
Susan Davy, Pennon Group, Environment, Food and Rural Affairs Committee, Ofwat, Environment Agency, Drinking Water Inspectorate
Notable line
“My Committee remains concerned about the culture of bonuses and paying dividends and the varying standards being applie d.”
Key Quotes
“My Committee remains concerned about the culture of bonuses and paying dividends and the varying standards being applie d.”
“My Committee is also concerned about bill payer money being spent on advertisements and legal action against Ofwat, the Environment Agency and the Drinking Water Inspe ctorate .”
Source · parliament.uk record ↗