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...Pollution campaigners said the failure to track the state of their ageing infrastructure not only complicated the task facing the utilities as they sought to reduce spills, but also had potential financial...
...While Barclay accepts that customers already feel they are paying too much for water, there is also widespread anger over the state of Britain’s waterways; the Liberal Democrats are putting the campaign...
...Two Chinese state-owned banks hold a crucial role in the future of Thames Water, as part of a group of lenders involved in a stand-off over debt at the parent company of Britain’s largest water utility....
...However Eustice, who spent nearly a decade as a minister in the Department for Environment, Food and Rural Affairs, including two years as secretary of state, said a fundamentally different approach was...
...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...
...utilities....
...Macquarie, the former owner of Thames Water criticised for loading the utility with debt, is a lender to its stricken parent company....
...Without an agreement, Thames Water could fall under state control via a special administration regime....
...While the net debt of more than £15.6bn within Thames Water’s so-called regulatory ringfence is supposed to be firewalled from the troubles of its parent company Kemble, bonds at the utility are now trading...
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...Scottish Water, by contrast, remains in state hands, has very little debt, and is financially secure. Many cities have found privatised water services lacking....
...’s largest water utility....
...Many of Thames Water’s 16mn customers might feel the same way about the state of water 35 years after Margaret Thatcher’s government privatised England’s water companies....
...He said the company needed “to sort out their own issues”, adding: “What we’re never going to do for people who invest in the UK is say that the state is going to insure you against bad decisions made by...
...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....
...Thames Water meanwhile pays dividends that service debts of parent companies. In October, it gave £37.5mn to its immediate parent, Thames Water Utilities Holdings Limited....
...California, for example, has a new state law requiring large companies to report on CO₂ emissions by 2027, but not on water or land use — a missed opportunity Why not be more efficient and ask tech companies...
...For years, predicting exactly when quantum computing will reach practical utility has seemed like a fool’s errand....
...Thames Water is facing fresh scrutiny from lawmakers and regulators over the state of its finances....
...a group of foreign investors of “blackmailing” regulators over the future of the country’s biggest water utility....
...Parts of South Africa’s largest city have been without running water for almost a fortnight, a reminder to voters of the parlous state of the country’s infrastructure just two months out from a general election...
...With investor crossover between gas and water networks — Macquarie Group, the former owner of Thames Water that you report had been “criticised for loading the UK utility with debt” (Report, April 10), is...
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