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Last Updated: Wednesday, 8 August 2007, 07:01 GMT 08:01 UK
Floods to cost Severn Trent �35m
Flooding near Tewkesbury in July
The flooding hit much of Severn Trent's operating area
Water company Severn Trent has estimated that the cost of dealing with last month's floods will cost it between �25m and �35m.

Describing the events as "unprecedented in the recent history of the UK water industry", it added it expected to claim back �10m-�20m through insurance.

The flood crisis forced Severn Trent to temporarily shut its Mythe Water treatment works near Tewkesbury.

It added that it bought and distributed 50 million litres of bottled water.

The firm said it also deployed more than 2,000 of its own staff and contractors from other firms to deal directly with the impact of the floods.

While the �25m-�35m cost range is its initial estimate of the impact, it said the final figure would not be known until two inquires were completed.

Severn Trent is investigating both the general flooding and its own flood risk management.

The company added that it was making up to �3.5m available to support the affected communities recover from the incident.




SEE ALSO
Claims over floods to 'top �2bn'
23 Jul 07 |  Business
Fixing the flood infrastructure
29 Jul 07 |  Business
Water firms boost profit streams
06 Jun 07 |  Business
Water firm 'took too much water'
25 Apr 07 |  West Midlands
Severn Trent to cut 600 positions
03 Apr 07 |  Business

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