WUC trims consumers' arrears to P800m, but half may never pay

The Corporation’s latest financials, covering the year to March 31, 2019, show that it has been able to shrug off its troubles of previous years, posting P230 million in pretax profits without a government subsidy.

The WUC’s financial woes were triggered by the 2009 takeover of all water supplies in the country under the Water Sector Reform Programme (WSRP). The Corporation grew dependent on government subsidies and guarantees support to remain afloat and continue maintenance and capital works.