Is South East Water’s £22m fine a step towards total renationalisation? Opinion The total mess that Thames Water and South East Water find themselves in – which touch on issues of environmental neglect, underinvestment in critical infrastructure, the limits of privatisation and the role of shareholders in utility companies that operate an effective monopoly – could be a harbinger of what’s to come, says Brett Israel Last [...]
South East Water in spat with watchdog after £22m fine Water South East Water has entered a heated spat with the water regulator after it was hit with a £22m fine. The water firm’s fine covers multiple supply interruptions in Kent and Sussex between the period of 2020 and 2023, effecting more than 286,000 people. Ofwat said its investigations into the water firm found it had [...]
Mark Kleinman: South East Water’s excuses have run dry Business Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column South East Water’s excuses have run dry How the water industry could do with the raising of a Mervyn King eyebrow. While governor of the Bank of England in 2012, Lord King defenestrated Bob Diamond as [...]
Nationalising water would turn off the investment taps January 16, 2026 Government has neither the money nor the capacity to run our water industry and nationalisation would be the surest way to stop investment in it. Only the private sector has deep enough pockets to fund that level of investment, says Natascha Engel People across Kent and Sussex have had to use their neighbour’s toilets and [...]
Pennon mega-deal for Sutton and East Surrey Water facing competition probe March 7, 2024 Pennon paid £89m in equity but the total enterprise deal was worth £380m