Crisis-Hit Thames Water has launched an offer to invoice its customers more over the next five years than the industry regulator will not allow it, arguing that it has been treated unjustly. The biggest British household supplier, who is in a battle for survival, because he faces a heap of debt of 19 billion pounds … Read more
Thames Water is the subject of a survey on late delivery of environmental improvement systems, the industry regulator announced. Ofwat said the case of application against the company, currently fighting to guarantee its financial future in the midst of a heap of 19 billion pounds sterling, aimed to determine whether it had violated its legal … Read more
KKR, one of the largest investors in investment in the world, advances the plans to play a crucial role in the dry of the largest British water supplier. Sky News has learned that KKR, who manages assets of more than $ 600 billion, hired investment bankers and lawyers to help formulate a plan to inject … Read more
Thames Water will request the approval of the High Court for a rescue plan of 3 billion pounds sterling during a four -day hearing from the Royal Courts of Justice on Monday. The indebted utility requests the approval of a judge for a restructuring plan centered on an emergency loan, he says that he must … Read more
The UK’s largest water company has been fined £18.2m for “unjustified” dividends which the regulator said broke shareholder payment rules. Thames water has been hit with a penalty by water regulator Ofwat over £195.8 million in dividends paid in October 2023 and March 2024. This is the first time Ofwat has used such enforcement powers … Read more
Thames Water has won court approval to proceed with the next phase of securing a £3 billion emergency loan, with a hearing to seek approval from creditors scheduled for four days in the first week of February. The troubled utility told the High Court that without the loan it would run out of cash by … Read more
Thames Water has revealed a 40% increase in sewage spills while warning that a looming decision on what it can charge its customers is “fundamental to our future”. The UK’s biggest supplier, which is struggling to avoid the prospect of a special administration amid massive debt, has always maintained that the regulator’s decision on its … Read more
One of Britain’s leading financial mutuals is in talks to buy Dalmore Capital, the infrastructure investor with a stake in the Thames “super sewer”. Sky News has learned that Royal London is among the suitors surrounding Dalmore, which began considering a sale earlier this autumn. Royal London’s interest is serious but has not yet resulted … Read more
Eliminating all incidents of pollution in the Thames Water network will be “nearly impossible” and a public debate is needed on the true cost of stopping all wastewater discharges, chief executive Chris Weston has said. Speaking on the occasion of the revelation of the company’s interim results pollution incidents increased by 40%Mr Weston said customers’ … Read more
The UK’s biggest water supplier has received another offer, despite declaring itself ‘non-investable’. The latest bid for Thames Water came from infrastructure investor Covalis Capital, which would use French utility Suez, the company confirmed on Friday morning. If agreed, the supplier could be split into smaller companies, the Financial Times reported, and Suez would be … Read more