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...Investor jitters come as Ofwat is pushing them to inject more cash into the utilities....
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...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....
...They’ve already paid a high price through the company’s poor complaints record and service levels,” said Mike Keil, chief executive of the CCW....
...The firm has about 600 partners in the US and is the largest member of Grant Thornton International, a network of accounting firms that use a common brand and co-ordinate services worldwide....
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...an Argentine naval vessel during a protracted tussle with the Latin American nation — British water company legislation restricts the ability of bondholders to seize assets if Thames Water is unable to service...
...The customer-owned utility....
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...Already-poor service levels would deteriorate further. In the meantime, there is a risk of Thames’s toxicity starting to pollute other water companies....
...the restructuring experts, will discuss all options with creditors, which include bank lenders and bondholders, as the government tries to avoid a temporary renationalisation of the UK’s largest water utility...
Decision hurts David Handler’s chances of securing potentially millions of dollars in equity he sought from the elite M&A boutique
...However, while some people believe privatised water utilities will function better than public services, there is no evidence that this is always the case, says Biswas....
...That in turn would threaten to push its (already dismal) service levels below the standards required by its licence....
...Investors have demanded scope to increase bills and loosen rules over paying dividends, despite public anger over sewage discharges and the service record of the privatised utility....
...Further reading:— Seven common misconceptions about the Thames Water crisis (FTAV)— Fix your UK water utility with this one simple trick (FTAV)— Let Thames Water die to teach everyone a lesson, says Citi...
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