Reported by the BBC One of the biggest investors in Thames Water has slashed the value of its stake in the debt-laden utility by almost two-thirds, weeks after the company admitted that it does not have enough money to make its debt repayments. A fund controlled by Thames Water’s second largest investor, the University Superannuation […]
Professor Sir Dieter Helm sets out the arguments against nationalisation and the status quo. Mention Thames Water (“Thames”) and eyes tend to glaze over. How could the great promises of privatisation have come to this? Across the industry, most try to keep their distance in case the Thames experience undermines their own reputations. On most […]
The Environment, Food and Rural Affairs Committee quizzed key decision-makers involved with Thames Water to a public hearing of the Committee on Wednesday 12 July to explain the difficulties facing the company and the water industry more generally. The Committee asked about the causes of the problems facing Thames Water and the potential solutions – […]
Interesting feature on locals’ views around plans by Thames Water for a new reservoir in Oxfordshire, in the Guardian It will be like a giant flan case full of water dumped on a marsh, says Julie Mabberley. She is discussing the plan to put a 150bn-litre reservoir, spanning almost two miles across, to the south-west […]
Britain’s biggest water company has hired Rothschild and Slaughter & May to help evaluate financing options for its vast balance sheet, Sky News learns Thames Water is facing crunch talks over its finances amid mounting concerns about its ability to service a debt mountain which stands at more than £14bn. Sky News has learnt that […]
Thames Water is at the top of a league table charting the number of written complaints made to water firms in England and Wales last year, with the number more than doubling since 2017, the Guardian has reported. The number of written complaints received by the firm from household customers has risen from 17,039 in 2017/18 […]
As part of growing efforts to deliver greater water savings to business water users Thames Water has just shared a great open access online water benchmarking tool. The tool has been designed to provide a water use benchmark for hotels, hospitality, leisure, offices, retail, schools and university halls. Users input some basic details of their […]
Following the industry agreement (through Water UK) to achieve net zero emissions from English water companies by 2030, several water companies have set out plans to get there. The plans highlight progress on energy efficiency, renewable generation, demand management, sequestration schemes and more, but also rely heavily on purchasing renewables and offsetting. Read the plans […]