Irish Water has confirmed it suffered a loss of €139 million in 2014 as both the chairman and the chief executive of its parent company, Ervia, admitted “mistakes” were made in how the water utility evolved in its first year in operation.

Irish Water “came up short” due to a series of failures, the head of the utility’s parent company has admitted.

Irish Water has admitted its bosses can earn bonuses on top of bonuses, on the same day as a new opinion poll found one in three people are still refusing to pay the firm’s reduced charges.

Irish Water has pledged to increase spending on infrastructure after it emerged less had been spent in 2014 than in any year over the past decade.

The head of Irish Water’s parent company, Ervia (formerly Bord Gáis), has confirmed he is to "divest" himself of more than 400,000 shares in a company which makes money from installing water meters — but insisted everything he had done is "above board".

Exit pay costs for its departing CEO and finance director pushed total directors’ remuneration at Dublin-based utility group, NTR up by over 60% last year to more than €4m.

Bord Gáis Eireann has reported an overall after-tax loss of €169m for 2013, driven by nearly €300m inexceptional charges.

Irish renewable energy investor group NTR, which has invested heavily in wind farms in America, has reported losses of $46.8m (€35m).

The new CEO of Bord Gáis Michael McNicholas is taking a €750,000 pay cut to take up the position.

Bord Gáis has confirmed the appointment of Michael McNicholas as its new CEO.

Dublin-headquartered renewable energy group, NTR has completed its exit from the international waste management industry, via the $180m (€131.4m) sale of its Greenstar US business.

A consortium of American financial firms has invested €190m in a 201MW Kansas windfarm owned by NTR.

Irish renewable energy group, NTR managed to slash its pre-tax losses by nearly 330% last year.

NTR has sold its holding in American-based ethanol company, Green Plains Renewable Energy and increased its holding in Wind Capital Group, its US-based wind energy company.

CREATING a “solid platform for growth” is a priority for renewable energy firm NTR as it reports losses of over €48 million for the six months to the end of September.

NTR boss Michael McNicholas, regarded in the industry as a ‘safe pair of hands’, is busy picking up the pieces after his predecessor’s costly gamble on solar power backfired badly, helping to notch up record losses of €381m at the group, writes Kyran Fitzgerald

GREENSTAR, the waste management firm owned by NTR is “very challenged” in an “uncertain regulatory environment”.

RENEWABLE energy company NTR is to form a new investment vehicle with New York-based giant, BlackRock.

RENEWABLE group NTR has appointed Michael McNicholas — the group’s chief operating officer — to its board, as an executive director.

AIB has named current ESB financial director, Bernard Byrne as its new chief financial officer as part of its ongoing management restructuring process.

RESIDENTS were bracing themselves last night as the lower Shannon threatened to burst its banks for a second day and with Co Clare under a severe flood warning.

THE ESB is to build a second power station in Spain at a cost of around €500 million.

Building blocks should be put in place to create an all-Ireland energy market in preparation for a fully integrated European single market, the Energy Ireland conference heard today.