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...He has PhDs in physics and philosophy and has published several books. The fate of Thames Water should depend on the docs....
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...“We will continue to monitor Thames Water as it seeks to turnaround its performance for customers and the environment.” Thames Water and its parent Kemble declined to comment....
...and mistrust of England’s privatised water system....
...But some investors in other water companies would welcome the move — and soon — to limit fallout for the wider sector....
...“Plus the water used by tourism can often create more wealth and jobs than the water used to irrigate a barley field,” said Rubio. “We need to modernise all sectors....
...If the shareholders were to withdraw, it would potentially leave Thames Water without owners and running down its cash reserves....
...This is the beginning of the end for Thames Water in its current form. The process will still be tortuous and lengthy. nathalie.thomas@ft.com...
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...The increases are partly due to more monitoring of the 14,318 storm overflow pipes, which release untreated sewage and storm water into coastal waters and rivers when it rains....
...Paris had attempted to water down the law even more last week, despite having secured concessions on the banking sector in December....
...Bank of China and Industrial and Commercial Bank of China are part of a group of lenders involved in a stand-off over debt at Thames Water’s parent company....
...Its nine shareholders, which include Chinese and Abu Dhabi sovereign wealth funds, and UK and Canadian pension funds, said on Thursday the water company was “uninvestable” as they backtracked on a commitment...
...The default threatens to wipe out the equity stakes of Thames Water’s nine shareholders, which include Canadian and UK pension funds....
...The assets, especially the right to levy and enforce water bills, are very valuable....
...Chinese coast guard and militia boats recently rammed Philippine ships and used a water cannon and laser against sailors. Such antics may seem small beer....
...In a statement on Thursday, Thames said it was still hoping to agree a business plan with regulator Ofwat that was “affordable for customers, deliverable and financeable for Thames Water, as well as investible...
...richard.waters@ft.com...
...Thames Water is in trouble: cash-strapped, struggling to control sewage outflows and water leakage, and without the storage capacity to deal with shortfalls during hot weather....
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...Why is Thames Water, the British utility currently in crisis, any different? Giles Keating London W8, UK...
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