Full Year 2022 Severn Trent PLC Earnings Call (Q&A) Transcript

May 25, 2022

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May 25, 2022 / 07:30AM GMT
Olivia R. Garfield - Severn Trent Plc - CEO & Executive Director

So we're going to go straight into it. You've had a chance, hopefully, to catch the video and all of the documents. So we'll just go straight into Q&A, if that works hopefully.

Questions and Answers:

Olivia R. Garfield - Severn Trent Plc - CEO & Executive Director

Brilliant, straight in Pavan. Thank you very much. Straight to you.

Pavan Mahbubani - JPMorgan Chase & Co, Research Division - Analyst

I have 3, please, if I may. So firstly, can you talk us through the impact of recent macro moves and sort of equity markets on your pension position? Should we expect the deficit today to be higher than the 128 million that you reported? Secondly, clearly, the push for windfall tax has increased over the past few weeks, focus on oil and gas, and more recently, electricity generation. I was just wondering what your thinking was on any potential risk of a windfall tax on U.K. water companies given that elevated inflation will be feeding into

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