Proactive Investors - United Utilities Group PLC (LON:UU) said it is highly confident that it will be awarded four-star status in the Environment Agency's annual Environmental Performance Assessment (EPA) for 2023
Confirmation is expected shortly, it said in a trading statement that added it was confident it would achieve four-star status in the 2024 EPA as well.
That comes despite the water utility being among one of four new enforcement cases issued by regulator Ofwat over sewage discharges from stormwater overflows.
Earlier this month, the Supreme Court ruled that the Manchester Ship Canal Company can bring a claim against United Utilities in relation to discharges of foul water contaminated with untreated sewage.
United Utilities added it continues to deliver strong operating performance,resulting in no material changes to 2024/25 financial guidance.
As a result, the company said it expects to receive a net customer ODI (outcome delivery incentive) reward for 2024/25 "at least in line" with 2023/24, “our highest customer ODI reward to date”.