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...The owners of South East Water, under investigation for severe supply failures, have provided a £150mn loan to a unit in the utility group as it struggles with higher financing costs on its debt....
...Thames Water supplies a quarter of the population in England and Wales — or 16mn people....
CEO projects share of sales will double as companies integrate technology into operations
...The letter shows that lenders are jockeying for position in a potential debt restructuring of Thames Water, which supplies 16mn customers in London and the surrounding area....
...The utilities were privatised debt-free....
...Rishi Sunak has dispatched his business adviser to grapple with the crisis facing Thames Water, in a sign of jitters inside government about the potential collapse of Britain’s largest water utility....
...The sector has had a troubled year, particularly in the US, where several developers have been trying to renegotiate power sales deals to factor in surging costs due to high interest rates and supply chain...
...However, the utility said on Monday that it was also proposing an extra £1.9bn of investment over the five-year period, dependent on its ability to secure the supply chain to deliver the work....
...Thames Water — which supplies 16mn people in London and the surrounding area, or about a quarter of the population of England and Wales — has suffered a sharp drop in its bond prices after its parent company...
...Next month, Tanga Urban Water Supply and Sanitation Authority, a local Tanzanian water utility, will issue east Africa’s first subnational green bond....
...With assets worth $134bn, Berkshire Hathaway Energy supplies 12mn electric and gas customers, maintains more than 30,000 megawatts of power generation capacity and owns a 21,000-mile natural gas pipeline...
...Recently, Spanish bank BBVA issued a loan to electric utility company Iberdrola where the rate of interest was linked to specific water indicators....
...The burning of fossil fuels is by far the biggest contributor to global warming, but the shift to renewables has raised major questions about energy supplies at times when the wind is not blowing and the...
...Londoners concerned with how to improve their water supplies should look to the developing world city of Phnom Penh....
...Most importantly, sectoral shifts and supply shocks have settled down....
...Troubled UK utility Thames Water has pushed up the amount it plans to spend on its network in its latest business plan by £1.1bn to £19.8bn....
...The debt inside the regulatory ringfence — which surrounds the core utility and means it has to abide by regulatory conditions — plunged to little over half of its face value....
...The utility, which supplies 16mn people — or about 25 per cent of the population of England and Wales — is struggling to stay afloat after its shareholders refused to put more money into the heavily leveraged...
...By 2006, when the Australian asset management firm Macquarie bought Thames Water from the Germany utility group RWE, the water company had £3.4bn in debt....
...Rosatom’s vertically integrated supply chain — which encompasses uranium mining, conversion, enrichment and fuel fabrication — makes it a tough competitor....
...“From my analysis, the thing that’s holding them up is the economics, the supply chains,” added Macfarlane. “There’s lots of roadblocks.”...
...Coal plants make up about 16 per cent of electricity generation, overtaken by clean energy supplying about 20 per cent in 2023, while gas supplies about 43 per cent....
...To accommodate US utility supply concerns, even the ban proposed by the US Congress wouldn’t fully kick in until 2029....
...Costs of offshore wind power shot up last year amid supply chain strains and high interest rates....
Also in today’s newsletter, one solar company thinks it has what it takes to go public — despite a down market for the sector
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