Re Contract
18 April 2002 - 5:00PM
UK Regulatory
RNS Number:7042U
United Utilities PLC
18 April 2002
UNITED UTILITIES SIGNS WATER METER INSTALLATION AND REPLACEMENT CONTRACT WITH
WELSH WATER
United Utilities Contract Solutions, the group's non-regulated asset management
business, through its Network Services Unit, has signed its first major out of
region contract, with Welsh Water, for the installation and replacement of water
meters.
The three-year contract covers around 140,000 meters installed throughout Wales
and Herefordshire and is worth around £15 million.
Chief Executive of United Utilities, John Roberts, said:
"We are delighted to have won this strategically significant contract,
which further helps to position United Utilities as a major
multi-utility player in the UK meter installation and replacement
market.
This demonstrates continued development of our strategy to build on the
core asset management skills of United Utilities to manage assets
throughout the UK, as well as in carefully selected overseas markets."
United Utilities' Contacts:
John Roberts, Chief Executive 01925 237000
Simon Batey, Finance Director 01925 237000
Simon Bielecki, Investor Relations Manager 01925 237033
Alan Price, Head of Corporate and Financial Communications 020 7307 0300
Notes
United Utilities Network Services forms part of United Utilities Contract
Solutions, the group's non-regulated asset management business. The business
already handles the operation and maintenance of over 2.7 million water, gas and
electricity meters.
United Utilities Contract Solutions combines the core skill of asset management
in the regulated businesses of United Utilities with the commercial skills of
its international operations, to compete for operations and maintenance
outsourcing opportunities in the UK and overseas.
United Utilities' ordinary shares trade on the London Stock Exchange and its
ADRs, each equal to two ordinary shares, trade on the New York Stock Exchange
under the Trading Symbol 'UU'.
This information is provided by RNS
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