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Showing results for SUEZ WATER NEW JERSEY INC. v. E.I. DUPONT DE NEMOURS AND COMPANY et al
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...Kemble, which was set up to raise finance for Thames Water, needs the dividends to service its debt but new rules introduced last year forbid water utilities with poor financial records from making payouts...
...It is a “sensitive” subject “particularly as water companies need to raise significant levels of new equity and debt to support the ramp-up in investment planned”, he said....
...Barclay met the new Thames Water management earlier this month and is said by colleagues to want to give them a chance to turn things around....
...Thames Water, for example, had received no new equity since privatisation until it received £500mn in the form of a loan bearing 8 per cent interest from parent company Kemble....
...SE Water declined to clarify the interest to be paid on the new shareholder loan....
...I once asked a director of one of the main water companies what input they received from the political level....
...High levels of E coli have been found in the river....
...The new SAR makes it easier to place water companies in special administration — particularly if they are considered by the government or Ofwat to be failing to meet their duties “to such an extent that...
...Before then, £190mn of debt at Kemble is due April 30, which the company has said is unlikely to be repaid without new equity coming in....
...The company needs billions of pounds of new funding to maintain its operations and overhaul ageing infrastructure....
...Car manufacturing in Europe is not about to get a substantial reprieve from Chinese competition even if Suez shuts indefinitely. Multinational companies live or die on their ability to assess risk....
...The bonds were issued by Kemble Water Finance, which sits above the nearly £15bn of debt at the Thames Water utility companies that should be unaffected by the move....
...News of Macquarie’s involvement sparked political condemnation....
...Other water companies have high gearing too, built up in the decades since their 1989 privatisations....
...Thames’s ability to raise much-needed new equity, though, will depend on a draft determination in June from England’s water regulator....
...However, new rules introduced by Ofwat last year prevent the payment of dividends from the utility if they put the company’s financial resilience at risk....
...Larsen pointed out that certain shipping companies were continuing to use the Suez route....
...“I get more critical areas for improvement from her than I do in the company,” said Cook....
...Some lenders to Thames Water would lose up to 40 per cent of their money under government contingency plans to nationalise Britain’s biggest water company dubbed “Project Timber”....
...A month before OpenAI finished training its most advanced model, GPT-4, a data centre cluster in West Des Moines, Iowa, consumed 6 per cent of the district’s water, according to a lawsuit filed by its residents...
...At the time, a spokesman for the Israeli army claimed that Abu Omar served as a deputy company commander in Hamas’s Eastern Khan Younis Battalion, as well as working for Al Jazeera....
...They announced on Thursday they were not willing to inject new equity into the company. Some of this estimated loss has already been booked in the accounts of funds such as Omers....
...I can tell you they’re all making money,” he said in a new role as head of the International Hydropower Association. “The problem is the cost of building new ones.”...
...Andrés Marín, manager of a Málaga gardening company and spokesman for a group of businesses opposed to the water restrictions, said pool maintenance groups were losing some clients as were gardeners banned...
...For all the talk about complexity, the business structures of private water companies are straightforward....
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