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Water could cost more if utility is unable to borrow

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WATER charges could rise if Guernsey Water is unable to borrow money privately.

WATER charges could rise if Guernsey Water is unable to borrow money privately.

In the utility's annual report for 2012, it revealed it needed to raise enough money to cover revenue and capital costs for both clean and wastewater functions for this year.

But one of the two options to achieve this would see customers hit by a price hike.

It is unclear how much that would be or how much money Guernsey Water needs to raise.

The report also said the utility made a profit of around £2.8m. in 2012 – roughly £400,000 less than the year before.

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