A consortium of Thames Water lenders is reportedly preparing for a potential legal fight with the incoming government if Prime Minister Andy Burnham moves to force the company into public
A consortium of Thames Water lenders is reportedly preparing for a potential legal fight with the incoming government if Prime Minister Andy Burnham moves to force the company into public
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Environment Secretary Steve Reed has confirmed the government is accelerating preparations to temporarily nationalise Thames Water, as efforts to secure a private sector rescue falter.
Thames Water could be nearing renationalisation after its preferred funding partner, US private equity giant KKR, walked away from a proposed £4 billion investment.
Regulator Ofwat has confirmed that the record penalties imposed on Thames Water will be borne by the company and its investors, not its customers.
Fresh uncertainty has emerged in the search for a white knight investor for Thames Water, as the company faces difficulties in detailing its vast and complex network of pipes, sewage
Environmental laws will be strengthened to impose immediate fines and prison sentences for executives who fail to cooperate with regulatory authorities.
Steve Reed states there is no assurance that UK waters are uncontaminated. The Environment Secretary has revealed that every river in the country is polluted, accusing water companies of concealing
Nicola Shaw receives a pay award despite significant sewage pollution failures by the water utility.
The UK Government is introducing measures to strengthen regulation of the water industry in response to public outcry over sewage contaminating rivers, lakes, and seas.
Southern Water’s CEO received a £183,000 bonus while the company proposed the highest customer bill increase among English water providers and faced regulatory criticism for a substandard business plan.