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      Thames Water could dodge fines under controversial new Ofwat deal

      Thames Water creditors have made a last-ditch offer for a rescue deal.

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Thames Water

  • Thames Water warns ageing assets could ‘pose a risk to public safety’

    June 28, 2024

    Thames Water has warned that it has £19bn in assets that could "pose a risk to public safety" in a report to Ofwat outlining the embattled water supplier's five year business plan.

  • The Notebook: A key test for Labour? Dealing with the water industry

    June 24, 2024

    There are many unknowns for the next government, but one thing's for sure, Labour will have a tough time sorting out the water industry.

  • Round two: Water firm seeks to appeal Ofwat penalties decision

    June 18, 2024

    Northumbrian Water is back in court today as it seeks to overturn a ruling in favour of Ofwat decision regarding penalties for supply interruptions

  • Has Thames Water’s public esteem sunk to new depths?

    June 13, 2024

    Earlier this year, Thames Water entered a standoff with water regulator Ofwat over attempts to raise customer bills by 40 per cent. At the time – when investors pulled £500m of funding from the utility supplier – YouGov data showed that the company was more disliked than not among the UK public. With media outlets [...]

  • Thames Water ramps up plans for Abingdon Reservoir with public consultation

    June 6, 2024

    Thames Water has ramped up its plans for a £1.25bn reservoir in North Oxfordshire to secure its ability to supply growing population levels in London and the South East.

  • Mark Kleinman: Next government faces unholy trinity

    June 6, 2024

    Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.

  • You couldn’t make it up: Thames Water wins regulator’s innovation competition

    May 30, 2024

    Thames Water, the firm responsible for billions of litres of untreated sewage being released into our rivers, has won a £16.9m award

  • Thames Water and Ofwat tight-lipped on plans to cut fines and avoid nationalisation

    May 29, 2024

    Thames Water has asked Ofwat to allow it to increase bills for customers. A decision will be made by 11 July.

  • “Disgusting” revelation on sewage should see Thames Water “ripped up”

    May 27, 2024

    Thames Water should be “ripped up” and no longer allowed to be for profit, after it emerged some 14bn litres of sewage were released in 2023, the Liberal Democrats have said.

  • Thames Water’s week from hell: Ofwat looks to act, resignations, anger and bonds

    May 22, 2024

    The crisis at Thames Water intensified this week amid a cocktail of government warnings, resignations and threats from the regulator. This morning, the chancellor of the exchequer, Jeremy Hunt, slammed Britain’s biggest water company, saying he was “very cross at them.” His comments were in response to claims that Thames was planning to raise its [...]

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