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The Earth’s supply of freshwater is under increasing pressure from economic development, population growth and climate change.
...Thames Water and Southern Water only mapped the pipes as they worked on them, leaving a large proportion of the network unchecked, the two companies revealed in responses to freedom of information requests...
...Officials at the Department for the Environment, Food and Rural Affairs have made contingency plans for Thames Water’s failure and dubbed them “Project Timber” because the collapse of the company, which...
...The bondholders describe themselves as the “principal economic stakeholders” in Thames Water, arguing it is “vital” they are involved in decisions “relating to any material actions”, such as new fundraising...
...Water UK, which represents the industry, said investors have pledged to inject £6.5bn in new equity as well as raising debt as part of their £96bn investment plan by 2030....
...SE Water has £1.23bn of borrowings and the second-highest regulatory gearing — the debt a company has as a proportion of its regulatory capital base — at 74 per cent, below Thames Water’s 80 per cent, according...
...Despite challenges such as high inflation and the pandemic “costs to water customers have remained within the projected range set out at the beginning of the project”....
...infrastructure such as gas and power, the Barclays note added....
...If they withdraw, Thames Water could be forced to enter the government’s special administration regime, a form of temporary renationalisation....
...A period of temporary public stewardship is generally framed as a worst-case scenario in discussions about the future of Britain’s biggest privatised water utility....
...The thirst for power and water of the server farms needed to run generative AI is even more intense....
...One person close to Thames Water described the talks as a game of brinkmanship with the regulator and the government....
...bills to keep shareholders on board....
...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...
...plans for the potential collapse of Thames Water, ministers have quietly introduced amendments to the special administration regime (SAR)....
...This is a big test of UK capitalism. Get Thames Water right and the case for private ownership of utilities will be enhanced....
...The company could be split into a “London Water” company serving the capital and a “Thames Valley” business serving the rest of its area, according to the plans that were leaked to The Guardian newspaper...
...Thames Water also requires a further £2.5bn before 2030 to fund its investment plan and maintain assets. Ofwat has told the board to “pursue all options to seek further equity”....
...Water is used in most forms of fuel and power generation, for example, to pump for oil and gas or to produce steam in thermal power stations....
...The company said it still hoped to agree a business plan with Ofwat that was “affordable for customers, deliverable and financeable for Thames Water, as well as investible for equity investors”....
...So if Thames Water goes into the Special Administration Regime, as seems likely, the probable endgame is that the asset will be sold to a company the regulator deems fit and proper....
...Another indebted rival, Southern Water, secured a new backer in 2021. Frankly, Thames’ board lacks the restructuring nous to handle this end-game....
...And they were going to potentially lose most, if not all, of their water as well....
...Specification: IB DP Geography — Fresh water — The varying power of different actors in relation to water management issues Click to read the article below and then answer the questions: AI boom sparks...
...Nato secretary-general Jens Stoltenberg is sponsoring the plan, and it will be discussed today during a meeting of foreign ministers. [MUSIC PLAYING] Thames Water is in crisis....
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