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Ofwat chiefs prepared to nationalise Thames Water if supplier collapses July 12, 2023 Ofwat is prepared to place Thames Water under protective measures which would effectively nationalise the company if the supplier collapses.
Customers will be hit with higher bills to help Thames Water, interim boss admits July 12, 2023 Customers will have to foot the bill for improving Thames Water's creaking infrastructure and poor operational performance.
Thames Water hangs on, but its future, and the health of our waterways, remains unclear July 10, 2023 Thames Water’s reprieve this morning may have refreshed the company’s coffers, but the firm remains parched of funding for its future ambitions.
Coffey: Government has full confidence in water industry’s financial resilience July 6, 2023 Therese Coffey says she has “full confidence in the financial resilience” of the water industry, amid warnings Thames Water’s struggles are “not an isolated case”.
Thames Water backer USS faces grilling from pensions watchdog July 5, 2023 The UK’s largest pension scheme faces a grilling from the regulator over its investment in troubled utility giant Thames Water.
Ofwat boss fails to rule out more supplier woes after Thames Water troubles July 5, 2023 Water suppliers will not be allowed to rack up debts and underinvest again following Thames Water’s financial troubles, the boss of industry watchdog Ofwat vowed yesterday. Chief executive David Black told the House of Lords yesterday that it can now “stop dividends” and “lock cash coming out of companies” if water firms are not in [...]
Ofwat boss fails to rule out more supplier struggles after Thames Water woes July 5, 2023 Water suppliers will not be allowed to rack up debts and underinvest again following Thames Water’s financial troubles, Ofwat vowed yesterday.
Who’s next? Industry debt mountain threatens more than Thames Water July 3, 2023 Thames Water's troubles raise significant questions - such as who could be next and what happens now in the water industry.
Thames Water woes expose wretched debt-plagued industry July 3, 2023 Thames Water is in serious trouble, but its problems reflect challenges with debt and sewage spills across the industry.
Architect of water privatisation defends decision amid Thames Water turmoil July 1, 2023 Lord Michael Howard, one of the architects of water privatisation, defended the decision amid questions over Thames Water’s future.