Thames Water lobbied Whitehall to press Ofwat on allowing higher bills Exclusive: Debt-ridden company also warned officials of ‘chilling effect’ of any renationalisation The Guardian - UK · Aug 30, 2024
Thames Water says without steep bill increase it’s ‘neither financeable nor investible’ Debt-laden company tells Ofwat if it cannot charge customers 59% more, it ‘would prevent company turnaround and recovery’ The Guardian - UK · Aug 28, 2024
UK water companies to warn bill cap will drive away investors for overhaul Ofwat’s tighter spending targets would ‘hamper sector’s ability to deliver improvements’, study will say The Guardian - UK · Aug 27, 2024
Paisley Abbey awarded 'much needed' grant funding to fight against water damage A SCOTTISH heritage site has received "much-needed" grant funding to fight water damage ... The National (Scotland) · Aug 27, 2024
Compensation for water customers in England and Wales to double Government sets out measures to help households and businesses as it cracks down on failing utilities firms The Guardian - UK · Aug 11, 2024
How will we solve the world’s water wars? An ancient Spanish court offers one answer From Los Angeles to Cairo, the global water crisis is escalating – but Valencia’s Tribunal de les Aigües could inspire a solution, says author Roman Krznaric The Guardian - UK · Jul 26, 2024
Thames Water breaches licence as part of its debt downgraded to junk Move by ratings company Moody’s puts Thames in breach its operating licence but Ofwat likely to hold off on large fine The Guardian - UK · Jul 24, 2024
Yorkshire Water bosses get hefty bonuses after company failed customers CEO and CFO given total of £616,000 for a year in which some residents struggled to go about daily lives The Guardian - UK · Jul 19, 2024
Thames Water slapped with £500,000 in fines over 320 late-finishing roadworks More than 320 Thames Water roadworks took longer than agreed in just over two years Evening Standard · Jul 19, 2024
Southern Water boss handed £183,000 bonus despite huge rise in bills Award for Lawrence Gosden comes after criticism of business plan and attempts to increase bills by 73% The Guardian - UK · Jul 16, 2024
Thames Water hit with £39m of penalties after missing regulatory targets Performance report shows debt-laden company missed 21 targets in areas from pollution to supply interruption The Guardian - UK · Jul 12, 2024
Ofwat accused of showing ‘contempt’ to customers over water bill price rises Politicians and campaigners condemn charging proposals, as regulator puts Thames Water into special measures The Guardian - UK · Jul 11, 2024
Water bills in England and Wales: how much more might you be paying? The regulator is allowing different companies to put up prices by different amounts. Here’s what it will mean in your area The Guardian - UK · Jul 11, 2024
Water bills increase announced as some set to pay hundreds more – check the rise in your area Some customers could face bills of over £600 a year by 2029 – check how your area is affected The Independent UK · Jul 11, 2024
The Guardian - UK · Jul 11, 2024 Thames Water placed in special measures due to ‘significant issues’ Ofwat says UK’s biggest water company will come under extra scrutiny as it faces prospect of restructuring or temporary renationalisation
The Independent UK · Jul 11, 2024 Water bills to rise by average of £94 over next five years in England and Wales However, some regions will see greater increases – with Southern Water bills rising by £183, or 44 per cent
The Guardian - UK · Jul 11, 2024 Environment secretary says water bill rises ‘result of years of failure,’ utilities sign up to reforms – as it happened Clean water campaigner Feargal Sharkey accuses Ofwat of ‘utter disregard for customers and environment;’ US inflation falls more than expected to 3%
The Guardian - UK · Jul 10, 2024 Do not let Thames Water’s bondholders wriggle off the hook Nils Pratley: Bondholders are hoping to escape intact if Ofwat is sufficiently generous with its increases in bills
The Independent UK · Jul 9, 2024 Thames Water pays out £158m to shareholders despite £15bn debt and sewage leak failings Thames Water says it has cash to last until May 2025 and if it fails to find investment, Sir Keir Starmer will face a decision on measures that would effectively see it nationalised
The Guardian - UK · Jul 9, 2024 Thames Water to tap investors for funds as it will run out of cash by next June Company is laden with £15.2bn of debt, up £1.3bn on the previous year, most of which could be added to the public purse
The Guardian - UK · Jul 8, 2024 Poor state of Thames Water a ‘critical risk’ to UK, Starmer and Reeves told Exclusive: Whitehall warns firm’s deteriorating infrastructure and £15.6bn debt pose urgent problem
The Guardian - UK · Jul 1, 2024 Thames Water accused of ‘chicanery’ over £150m dividend payment Debt-laden utility urged to show greater transparency as it faces investigation by industry regulator Ofwat
The Guardian - UK · Jun 28, 2024 Thames Water board approved £150m payout hours before funding U-turn Exclusive: Ofwat to investigate circumstances around payment of dividend to intermediate parent company
The Independent UK · Jun 10, 2024 South West Water hands boss huge pay hike despite pollution soaring The pay details come as the group also revealed that pollution incidents at South West Water soared by 80% in 2023
The Guardian - UK · May 29, 2024 Ofwat considers cutting sewage fines for financially struggling water firms Regulator understood to be looking at ‘recovery regime’ for Thames Water and others in sector