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...Thames Water supplies a quarter of the population in England and Wales — or 16mn people....
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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....
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...However, new rules introduced by Ofwat last year prevent the payment of dividends from the operating company if they put the company’s financial resilience at risk or if a utility underperforms on social...
...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...
...Shares of utility company Xcel Energy dropped sharply this week over potential financial exposure to the largest wildfire in Texas history....
...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...
...Recently, Spanish bank BBVA issued a loan to electric utility company Iberdrola where the rate of interest was linked to specific water indicators....
...Londoners concerned with how to improve their water supplies should look to the developing world city of Phnom Penh....
...The company, 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...
...“What I want to protect in terms of the national interest is more investment, to ensure a more resilient water supply and clean rivers and fair treatment for bill payers,” he added....
...The nearly £15bn of debt held by the Thames Water utility companies that sit below Kemble should be unaffected by the default....
...The companies argue that smaller reactors should be quicker and, eventually, cheaper to build, with key parts assembled off-site....
...But they face tough competition from state-run companies in Russia, China, and Kazakhstan, which control key parts of the fuel supply chain and have begun exporting their technology....
...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....
...But the company was ultimately unable to get permission to operate locally....
...Last year, the company raised another $234mn to push its valuation to $1bn....
...If you screen for utility companies that have solid yields, reasonable debt levels and have consistently grown both dividends and shareholder equity, you get a list like the one below....
...Last week Russia attacked an underground storage site, although “the situation will not critically impact” operations, according to Naftogaz, the state energy company....
..., but western utilities hold growing concerns of its supplies falling under Russia and China’s sphere of influence....
...To accommodate US utility supply concerns, even the ban proposed by the US Congress wouldn’t fully kick in until 2029....
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