Thames Water told to 'take action' over sewage
A water company has been ordered to "investigate and take necessary action" after complaints about sewage flowing into gardens in a Surrey village. Residents in Leigh say they have endured years of raw sewage bubbling up through manhole covers following heavy downpours because the old pumping station near Brook Lane is easily overwhelmed.
Thames Water’s £57 Million Penalty Adds to Cash Woes
Thames Water Utilities Ltd. was slapped with a penalty of £56.8 million ($74.4 million) by its regulator, just as the beleaguered UK supplier seeks billions of pounds in equity to avoid going into administration.
Thames Water ordered to refund customers as serious water pollution skyrockets
Thames Water has been ordered to refund customers money as the company records a serious rise in water pollution incidents this year, an investigation has revealed. Ofwat, the regulator of water companies in England and Wales,
Water firms told to cut customer bills over poor performance
But most customers will only see their bills fall by less than £10. This is the fourth year in a row that firms have had to refund customers, prompting questions over the effectiveness of the regulator.
UK water companies told to repay customers $206m due to environmental failings
Britain's regulator ordered water companies to return a total of 157.6 million pounds ($206 million) to customers after missed environmental targets, the latest penalty slapped on an industry at the centre of a scandal over dirty rivers.
Water companies must return £157.6m to customers over poor performance
Water companies will have to pay a £157.6 million penalty after missing key targets on reducing pollution, leaks and supply interruptions while customer satisfaction continues to fall, Ofwat has said.
Water firms told to return £158m to customers after missing targets on pollution and leaks
Industry regulator Ofwat announced the rebate following its annual review of water and wastewater companies' performance in England and Wales.
Water Companies Required to Return Over £157 Million to Customers for Missing Targets
UK water companies that missed pollution reduction goals have been ordered to return over £157 million. As a result of the rebate, customers could benefit from significant bill reductions next year. Water Firms Face Sanctions as Ofwat Reviews Performance: Bill Reductions Ahead for Millions Ofwat,
Thames Water forced to pay £57 million after missing pollution targets
Water bills will be slashed for residents in the Watford area after Thames Water were hit with a £56m fine for failing to meet pollution targets
If Thames Water goes bust, then so be it
The saga of Thames Water has reached a critical new stage. We are now at the point where those with the most to lose from the ...
Thames Water creditors in talks with Ofwat for debt rescue plan
A creditor group has held a meeting with water watchdog Ofwat this week, to pitch plans to keep the troubled Thames Water out ...
Thames Water creditor group talks rescue deal with Ofwat, Sky News reports
Thames Water's lenders, holding 12 billion pounds ($15.71 billion) of Britain's struggling water utility, held talks with regulator Ofwat on Tuesday to pitch a rescue deal they believe would avert the ...
Thames Water Bondholders Sign NDAs in Preparation for Cash Injection
Some of the biggest Thames Water bondholders have signed non-disclosure agreements to access sensitive information about the ...
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High-Stakes Moves in Global Business: Abu Dhabi's Thames Water Write-Off and Gucci's New CEO
Abu Dhabi's sovereign fund writes off its stake in Thames Water amid utility's struggles. ENRC drops its media leaks lawsuit ...
Abu Dhabi wealth fund writes off 9.9% stake in struggling Thames Water, FT reports
Abu Dhabi's sovereign wealth fund, one of the largest shareholders in Thames Water, has written off its nearly 9.9% stake in ...
UK Water Regulator Paves Way for Delay in Price Review Ruling
The UK water industry watchdog took steps to potentially delay a key investment ruling, a move that could further squeeze the ...
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Thames Water slashed to triple-C as default looms close
The ratings collapse comes after Thames Water said its liquidity sources would only cover its needs until December 2024, ...
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Plan to phase out plastic water bottles at schools hits snag
A proposed plan to phase out single-use plastic water bottles in the new year at Thames Valley school board properties will ...