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...The CCW warned that if customers failed to see tangible improvements in the infrastructure in exchange for higher bills, trust, which is already at a 12 -year low, “would be further eroded”....
...The scheme is being trialled in Cambridgeshire, where water shortages are holding up government plans to expand the city as a life sciences hub....
...US hedge fund Elliott Management has been buying the bonds of troubled British utility company Thames Water, in a bet that markets have grown too pessimistic over the size of losses that investors may have...
...If nothing else, Thames Water’s chair Sir Adrian Montague can be commended for courage. The City veteran agreed to oversee Britain’s biggest privatised water utility last July....
...Sadly, all the British water utilities fall well short of good practices, let alone best practices. They could learn a lot from cities such as Phnom Penh.”...
...Montague, an experienced City troubleshooter who previously chaired British Energy and was deputy chair of Network Rail, was parachuted in as chair of Thames Water and its parent, Kemble Water, in June last...
...Fixing the creaking water system will be no less complicated. Gauteng’s water infrastructure was designed in the interwar years to feed the gold reefs and mining industry on which the city was built....
...In other cities, too, “it is going to happen more frequently.”...
...In a bruising hearing before the environment select committee on Tuesday, City veteran Montague said he stood by “what we said”....
...Its chief executive Mike Keil added: “If water companies are serious about rebuilding trust in the sector they should use some of their profits to help people who cannot afford another bill rise.”...
...a group of foreign investors of “blackmailing” regulators over the future of the country’s biggest water utility....
...Michael Gove’s plans to dramatically expand Cambridge by 2040 with 150,000 new homes are “nonsensical” because of the city’s lack of water infrastructure, the leaders of three Cambridgeshire councils have...
...— noting that demographic growth is fastest in the world’s coastal mega cities....
...“We’re not talking about sensitive sites in the middle of a city. So for me, this is a perfect example of how we might be able to figure things out so that we can move faster....
...He had hand-built an improvised bridge and carried people across the stream of hot water from a ruptured heating pipe that had flooded several streets of the Siberian city....
...richard.waters@ft.com Letter in response to this article: Driverless cars in search of Edison lightbulb moment / From Michael Ayres, San Francisco, CA, US...
...“It is not going to be easy for companies to regain public trust, but they have to start with better service for customers and the environment....
...Excess energy is used “to pump water up a hill [into a reservoir] and let it flow down again, powering a hydroelectric generator”, so that energy can then be released on demand....
...“There is only one way for a water utility serving the capital of a G7 country to lose so much value so fast: it was never worth £5bn to begin with. Yet its owners denied this reality for years.”...
...“Residents are deeply worried about the government plans for mega building in and around Cambridge because there is barely enough water for the city as it is and no one has any trust that the government...
...Solar provided all of our hot water through the summer and the battery makes a huge difference as you’re not always generating power when you need it,” he said....
...and the utilities sector, particularly the water industry”....
...More US aid for Ukraine’s war effort this year is hanging by a thread as Donald Trump and Mike Johnson, the Republican Speaker of the House, throw cold water on a potential deal in Congress linking more...
...Need to know: business Troubled UK utility Thames Water promised to spend an extra £1.1bn to combat environmental issues such as sewage spills....
...“It’s a bit crazy for a global city,” she added. “We were running into some serious issues with water supplies last year.”...
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