Water firms push for higher shareholder returns

Is this another failure of privatization? In this case, water companies are hoping that OFWAT will allow them to increase bills such that this allows for higher shareholder returns to fund record levels of infrastructure investment in the sector. There's some sense in this - however, in trying to find "the 'sweet spot' between offering the right amount of risk and the right level of returns for investors" many will point out that for too long investors have received high returns for bearing comparatively little risk. At present, there are no plans to renationalise, but there is an independent review of the sector, and there are continued criticisms of its non-compliance with existing environmental law.