New Deal Solves Debt Problem

Summary


NORTHUMBRIAN Water has borrowed against future earnings from Kielder Water to settle its short-term debts.

The utilities group raised 212.1m backed by payments it will receive from the Environment Agency (EA) over the next 30 years.

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Extract


New Deal Solves Debt Problem

The EA pays Northumbrian Water to regulate the levels of the rivers Tees, Tyne and Wear...

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