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...In a letter to the utilities’ chairs seen by the Financial Times, Ofwat boss Iain Coucher said the number of serious pollution incidents was “still too high” and “the pace of reduction not fast enough”....
...It added: “The Thames Water and Kemble boards approved our refocused turnaround plan at the end of 2023....
...The City veteran agreed to oversee Britain’s biggest privatised water utility last July. Since then, fears over its financial health have reached feverish levels....
...He will remain as chair and director of Thames Water Utility Limited, the only part of the group that is regulated by Ofwat....
...It was a grim irony that as new questions were swirling over the future of debt-laden Thames Water — Britain’s largest water utility — this weekend, the annual Oxford-Cambridge Boat Race had to go ahead...
...Thames Water had £2.4bn of liquidity at the end of February; it can meet its commitments until at least May 2025. Regardless, the utility needs more equity....
...EPRI, an energy research organisation, appointed Vince Sorgi, chief executive of PPL Corporation, as chair of the board....
...Some of the worst water utilities are in the public sector but so, too, are the best: in cities such as Tokyo, Osaka, Singapore, Melbourne, Las Vegas — and Phnom Penh....
...But it needs to ensure it is seen as part of the solution — and not part of the problem....
...The board of Thames Water, Britain’s largest water company, was locked in crisis talks on Wednesday after shareholders refused to confirm they would provide about £3bn of fresh equity that is necessary for...
...“I see genuine effort across the board....
...Parts of South Africa’s largest city have been without running water for almost a fortnight, a reminder to voters of the parlous state of the country’s infrastructure just two months out from a general election...
...Rome has a stake of about 24 per cent in the utility....
...Uncertainty around the wildfire liabilities prompted BHE’s auditor Deloitte & Touche to raise a so-called “critical audit matter” with the company’s board of directors, according to the annual report, reflecting...
...bills to keep shareholders on board....
...The Financial Stability Board, which includes the world’s leading finance ministers, central bankers and regulators, said on Wednesday that after assessing a series of recent market panics, many funds and...
...This has the added benefit of giving mayors a stronger stake in the success of their local areas....
...and utilities....
...This week Montague apologised to MPs for causing “any confusion” when the UK utility described a loan from shareholders as “equity”, as he sought to allay concern over its finances....
...The nine directors on Tideway’s board received a total of £6.6mn in the year to March 2023; up from £2.95mn in 2022, according to Tideway’s accounts....
...Recently, Spanish bank BBVA issued a loan to electric utility company Iberdrola where the rate of interest was linked to specific water indicators....
...diligence requirements lacking across the board, Barclays said....
...Not only did the CHP retain the mayorships of Turkey’s key cities — Istanbul and Ankara — it won in towns and cities across Anatolia, the AKP’s heartland....
.... powers” to rapidly expand the city....
...The attack, targeting an air base near the city of Isfahan, was calibrated to avoid a further escalation. The response was muted both in Iran and Israel, which neither confirmed nor denied the assault....
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