Pennon Group
PNN · Main Market · Utilities · mcap £1,701m · 333.4p 7 open situations →
Pennon supplies water and wastewater services in the South West of England through South West Water, and water in Surrey and Sussex through SES Water. It earns regulated returns set by Ofwat and is investing heavily in water resources, treatment works and storm overflows.
| Target | Promise | Said | Status |
|---|---|---|---|
| 2024 | |||
| 31 Mar 2024 | Double base RORE returns cumulatively over K7 to 2023/24 | 2 Oct 2023 | ⏱ Overdue – no update |
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Result
The deadline has passed; no announcement since says whether it was met. We check again as new reports come in. |
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| 2024/25 | South Cornwall desalination plant operational | 25 Mar 2024 | ⏱ Overdue – no update |
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Status so far
The deadline has passed; no announcement since says whether it was met. We check again as new reports come in. |
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| 2025 | |||
| 31 Mar 2025 | SES Water acquisition earnings accretive in 2024/25 | 10 Jan 2024 | ⏱ Overdue – no update |
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Result
The deadline has passed; no announcement since says whether it was met. We check again as new reports come in. |
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| 31 Mar 2025 | £20m annualised Bristol Water synergies by 2024/25 | 21 May 2024 | ⏱ Overdue – no update |
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Also stated 26 Sep 2024
How it developed
Result
The deadline has passed; no announcement since says whether it was met. We check again as new reports come in. |
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| 31 Mar 2025 | Obtain two public credit ratings | 21 May 2024 | ⏱ Overdue – no update |
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Result
The deadline has passed; no announcement since says whether it was met. We check again as new reports come in. |
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| 31 Mar 2025 | Achieve c.£86m annualised efficiencies into K8 by end 2024/25 | 26 Sep 2024 | ⏱ Overdue – no update |
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Also stated 27 Nov 2024
How it developed
Result
The deadline has passed; no announcement since says whether it was met. We check again as new reports come in. |
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| 31 Mar 2025 | Achieve/retain 2 Star EPA rating for 2024 and 2024/25 | 26 Sep 2024 | ⏱ Overdue – no update |
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Also stated 31 Mar 2025
How it developed
Result
The deadline has passed; no announcement since says whether it was met. We check again as new reports come in. |
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| 2025 | Secure 50% renewable energy generation by 2025 | 29 Nov 2023 | ⏱ Overdue – no update |
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Status so far
The deadline has passed; no announcement since says whether it was met. We check again as new reports come in. |
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| 2025-06 | Dunfermline/Fife solar site grid connection and energisation (first energisation end 2024/25, Fife June 2025) | 25 Mar 2024 | ⏱ Overdue – no update |
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How it developed
Status so far
The deadline has passed; no announcement since says whether it was met. We check again as new reports come in. |
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| 2026 | |||
| 24 Sep 2026 | Submit representations to Ofwat by 24 September 2026 | 13 Aug 2026 | ⏱ Overdue – no update |
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Result
The deadline has passed; no announcement since says whether it was met. We check again as new reports come in. |
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| 30 Sep 2026 | Conclude DWI court process in summer 2026 | 10 Mar 2026 | ⏱ Overdue – no update |
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Result
The deadline has passed; no announcement since says whether it was met. We check again as new reports come in. |
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