UK's Thames Water appeals to competition watchdog over price limits
Struggling British utility Thames Water launched an appeal with the country's competition regulator on Friday, kicking off a process to try to lift the prices it can charge customers for the next five years and improve its chances of survival.
U.K.'s Water Watchdog Probes Thames Water for Delays on Environmental Improvements--Update
Thames Water committed to deliver 812 projects as part of the Water Industry National Environmental program during the period 2020 to 2025. However, the company alerted the regulator and the U.K.'s Environment Agency that it will be unlikely to deliver more than 100 of these environmental improvement programs on time, by March 31.
Thames Water faces investigation over failing environmental promises
LONDON (Reuters) -British water regulator Ofwat said it would investigate Thames Water over delays to hundreds of environmental improvements to determine whether the struggling utility had breached its obligations which could result in fines.
Thames Water admits delays to environmental works
Thames Water is under investigation by Ofwat after the company admitted it will not complete more than 100 environmental schemes funded by customers. The regulator will look into whether delays to the plans mean England's largest water firm has breached its licence.
UK's Ofwat to investigate Thames Water over environmental delays
British water regulator Ofwat said it would investigate Thames Water over delays to hundreds of environmental improvements to determine whether the struggling utility had breached its obligations which could result in fines.
Thames Water Under Fresh Investigation by UK Water Regulator
Thames Water is under investigation by water regulator Ofwat over whether the delayed delivery of environmental protection schemes means the company has breached its obligations.
3FM Isle of Man2d
Thames Water faces investigation over late delivery of environmental schemes
Thames Water is being investigated over late delivery of environmental improvement schemes, the industry regulator has announced.
AOL11d
Thames Water restructure plans a ‘bridge to nowhere’, MP’s barristers tell court
Thames Water should be placed into administration as plans to restructure the struggling utility are a “poor short-term fix” and a “bridge to nowhere”, an MP’s barristers have told the ...
Financial Post7d
Thames Water Rescue Bidder Doubts Feasibility of Sale Process
(Bloomberg) — One of the rescue bidders for Thames Water has written to the High Court in London questioning the feasibility of finding new equity for the beleaguered utility by April. Covalis ...
Oxford Mail2d
Oxford: Thames Water works cause city centre traffic chaos
Thames Water has been blamed for causing a traffic standstill during the morning rush hour after failing to reinstate a major road in the city centre after overnight works. Roads leading to the ...
Daily Mail10d
Thames Water seeks £3bn bailout to stop it falling into administration - as Britain's biggest water firm could run out of money in just six weeks
Britain's biggest water company could run out of money in just six weeks, the High Court has been told. Thames Water has applied to a judge to approve its plans to secure a £3billion cash loan ...
The Financial Times11d
Thames Water and Altice set to push European high yield default rate to highest since 2008
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. More of Europe’s riskiest corporate debt is on track to default in 2025 than in any year since the global ...