Thames Water, the UK's largest water company, seeks £1.8bn funding due to debt issues, with a dispute over bill increases with regulator Ofwat.

Thames Water, the UK's largest water company, is seeking £1.8bn in fresh funding due to a potential shortfall of funds by the end of May. The company, burdened with a £15bn debt, is embroiled in a dispute with regulator Ofwat over bill increases needed to fund critical infrastructure repairs. Thames Water has spent the past year avoiding government takeover and faces a final decision from Ofwat in December.

July 09, 2024
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