Southern Water says the 500,000 smart meters it has installed in its customers’ homes are saving them an average of 60 litres a day. Under chief executive Matthew Wright, 50, the company has pledged to spend £3bn over the next five years enhancing and maintaining the water and wastewater services it provides to customers across Kent, Sussex, Hampshire and the Isle of Wight. In 2007 the business was bought from the Royal Bank of Scotland by Greensands Investments, a consortium of pension and infrastructure funds led by JP Morgan, for a reported £4.2bn.
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