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...2050 to maintain current levels of service....
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...Thames Water, the UK’s biggest water company, provides water and sewage services to 16mn people, or around 25 per cent of the population....
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...Instead, the SAR was designed to prioritise and secure the continued provision of essential services to customers, and compliance with safety and environmental standards, rather than winding up a utility...
...Environmental campaigners blamed Thames Water; the company blamed excessive rain. Oxford’s coach declared the situation a “national disgrace”....
...“By 2030, all of China’s rivers are likely to be in a much better environmental state than [those] in England.”...
...SAR only applies to regulated opcos that are insolvent, however, or have flunked on service quality. The failure of a non-regulated entity like Kemble Water Finance is, in isolation, not enough....
...The model, in which Thames Water’s cash flows service different tiers of debt, tends to result in higher investment-grade ratings for top-ranked bonds than standard corporate bonds at companies with similar...
...The cash for the new fund comes from £11mn in fines for sewage pollution incidents collected since 2022 from five companies: South West Water, Thames Water, United Utilities, Anglian Water and Yorkshire...
...Microsoft, Google and Meta have raised their water consumption over recent years, with millions of users hooked on their online services....
...Southwest Airlines, the carrier with the most 737 Maxes in service and on order, will publish financial results, along with American Airlines....
...The company, which provides water and sewerage services to around a quarter of the population in England, is also facing operational pressures including poor performance on leakage and sewage discharges...
...richard.waters@ft.com...
...Tesla’s plans to double its annual capacity at the plant to 1mn cars have also faced stiff opposition from environmental activists....
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