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...The writedown is also more than double the cut taken in percentage terms on Thames Water in 2022 by the utility’s biggest investor, the Ontario Municipal Employees Retirement System, one of Canada’s biggest...
...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....
...Frankly, Thames’ board lacks the restructuring nous to handle this end-game. Montague at least relinquished the chair role at Kemble in February....
...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...
...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...
...of Japan....
...More than half of Thames Water’s debt is index-linked, according to rating agency S&P, burdening it with higher interest repayments as inflation soared over the past 18 months.The utility may also face large...
...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...
...Rome has a stake of about 24 per cent in the utility....
...He will remain as chair and director of Thames Water Utility Limited, the only part of the group that is regulated by Ofwat....
...He recently won board seats at utility AEP and airline JetBlue, and continues to pressure genomics specialist Illumina after ousting some of its directors last year....
...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....
...Recently, it was reported that the municipal body for the exclusive ski town of Steamboat Springs, Colorado, could not attract a head of human resources despite offering a salary of $167,000 because it was...
...One of the world’s biggest producers of wood pellets sold to power utilities has filed for US bankruptcy, a downfall for a business seen by its backers as an alternative energy source to oil and gas....
...China’s BYD overtaking Tesla as the world’s best-selling brand of electric vehicles is one of the most eye-catching headlines of the first week of 2024....
...Part of the unwillingness to invest further stems from a lack of progress in getting Ofwat to let the utility increase water bills and begin paying shareholder dividends again....
...“Infrastructure investment came to the US in the early 2000s and it was dominated by a handful of people who were mostly project finance, utilities and municipal bankers,” says one senior industry executive...
...Still, Ofgem’s decision to allow cost recovery was controversial: one of its board members resigned over it in 2022....
...The appointment follows the recent departure of Steve Hill. Piedmont Lithium has appointed Dawne Hickton to the board of directors of the lithium supplier....
...South African municipalities also owe the country’s water boards almost R18bn ($959mn), hampering their ability to carry out upgrades....
...In November, Octopus launched a new fund to invest £3bn in offshore wind by the end of the decade, with a £190mn cornerstone investment from Tokyo Gas, the Japanese utility that owns almost 10 per cent of...
...municipal elections next year....
...appeal trial of former president Nicolas Sarkozy in a case regarding the funding of his 2012 election campaign US: IM-1 mission due to launch from Cape Canaveral on board a SpaceX Falcon 9 rocket, carrying...
...The parent, Kemble Water, then cascaded £500mn of this borrowed money down the chain of holding companies that own Thames Water into the regulated utility as equity....
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