Hints and tips:
Related Special Reports
...Thames Water supplies a quarter of the population in England and Wales — or 16mn people....
...Ofwat is to provide a draft ruling on bill rises on June 12....
...Labour peer Lord John Hutton will start on Monday as chair of a new body that will represent investors in private finance initiative partnerships in the UK, hundreds of which are coming to an end over the...
...Ofwat is due to make a draft decision in June and a final ruling early next year....
...A government spokesman said: “We prepare for a range of scenarios across our regulated industries, including water, as any responsible government would.”...
...“To achieve this water companies have proposed a record £96bn of investment — a near-doubling of current levels.”...
...serves about a quarter of the UK’s population....
...Meanwhile, a political and public outcry has erupted over service quality and pollution. “Thames Water is a canary in a coal mine,” said one water company investor....
...they have a neutral impact....
...South East Water Ltd, the only part of the group regulated by Ofwat, posted a £74mn pre-tax loss compared with a loss of £37.2mn the previous year....
...John Burn-Murdoch is the FT’s chief data reporter, and he’s been looking at the reasons why. Hi, John. John Burn-MurdochHello. Thanks for having me....
...A failure at Thames Water could spread to other water companies and other essential infrastructure, according to investors surveyed by Barclays Research....
...Regulator Ofwat is still considering that plan, and is set to publish a draft ruling on June 12 and a final assessment by the end of the year....
...Lucy FisherIt doesn’t feed into, then, as sort of John Major-esque, end of an era, sleaze and decay narrative?...
...The UK government’s top infrastructure adviser has hit out at a drive to push pension schemes to invest more in Britain, saying there is “no reason” funds should have a home bias....
...“That’s what happens with a nationalisation,” said one government official....
...On February 29, a Saudi developer closed the financing of Dubai’s Hassyan desalination plant at a record low tariff of $0.36 per cubic metre — a feat made possible by the availability of solar power in the...
...It faces a public outcry over sewage....
...A draft ruling is expected by Ofwat in June....
...Shareholders have asked the regulator Ofwat for a 56 per cent increase in bills and leniency on fines....
...“It’s a big ask for a shareholder to write a £500mn cheque with no chance of getting it back,” said an investor in another UK water company. “They have Ofwat over a barrel....
...It is expected to produce a new business plan in coming days which could include a change in bill proposals....
...Thames Water, the government and Ofwat are now rushing to find a solution....
...commitment to invest a further £500mn....
...They could learn a lot from cities such as Phnom Penh.”...
International Edition