Thames Water – owner of Northumbrian Water CK Infrastructure re-enters the ring
CK Infrastructure, the owner of Northumbrian Water, has re-entered the bidding process for Thames Water and approached the water sector regulator Ofwat to say it is ready to submit its own rescue package, according to a report in The Sunday Times at the weekend.
Highly critical EFRA Committee report says senior leadership in water sector and regulatory system have failed - "root and branch reform" needed
A highly critical new report by the House of Commons Environment, Food and Rural Affairs Committee is warning that a failing water sector in which “water companies increasingly look like financial institutions rather than businesses servicing monopolised critical infrastructure” is in need of “root and branch reform”.
EFRA Committee - responses from Chair and CEO of Thames Water raise more questions than answers – MPs pursue further information
Correspondence released by the House of Commons Environment Food and Rural Affairs Committee yesterday evening has raised even more questions for the Chair and CEO of Thames Water to answer about the water company’s financial affairs – and the Committee has now further extended its questions about their recent evidence to Environment Secretary Steve Reed and Ofwat Chief Executive David Black.
Ofwat consults on regulatory guidance on its approach to enforcement - ultimate sanction is special administration
Ofwat is seeking views on guidance it has issued setting out its approach to enforcement aimed at providing clarity to water companies, customers and other stakeholders - the ultimate sanction is High Court special administration order where the court is satisfied that the company's breach is serious enough to make it inappropriate for the company to continue to hold its appointment or it is or is likely to be unable to pay its debts.
What's to be done about the UK's failing utilities - is special administration the solution?
What is to be done about the UK’s failing utilities? Listen to Professor Dieter Helm explore the options to tackle the UK’s failing utilities – Thames Water, the Royal Mail and Network Rail in particular.
Leading utilities expert says Thames Water is “disaster of its own and regulators’ making” and calls for appointment of special administrator
Professor Dieter Helm has published a highly critical and detailed analysis of Thames Water, describing the deeply indebted utility as “a disaster of its own and the regulators’ making” and “badly managed and financially engineered.”
Lib Dems repeat call for publication of contingency plan for Thames Water in Parliamentary debate
Liberal Democrat MP Sarah Olney renewed her attack on Thames Water in a House of Commons debate last week, accusing the water company of dumping over 72 billion litres of raw sewage into rivers in London since 2020 and accruing billions of pounds of debt.
EFRA Committee warns Ofwat enforcement powers and fines could place further financial burden on water firms and increase risk of corporate failure
The House of Commons Environment, Food and Rural Affairs Committee has expressed "real concerns" to Ofwat that its enforcement powers place it in a situation whereby "enforcing regulations and issuing fines against consistently failing entities" will place a further financial burden on the companies and increase the risk of corporate failure.
Department for Environment, Food and Rural Affairs updates insolvency legislation for water companies in England and Wales
The Department for Environment, Food and Rural Affairs has quietly amended insolvency legislation to update the Special Administration Regime for water companies in England and Wales.
News Showcase
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Expert speaker line-up and leading exhibitors to feature at next month’s National Civils Show, Floodex, National Drainage Show & Waterways Management in London
Attendees at next month’s National Civils Show, Floodex, National Drainage Show and Waterways Management on 26th and 27th November are set to benefit from an expert speaker line-up and the opportunity to visit a wide range of exhibitors all co-located in one place at Excel, London, one of the UK’s leading international exhibition and convention centres. -
Ovarro smart leak detection builds drought resilience worldwide
Tackling leakage is one of the fastest and most cost-effective ways for utilities to bolster water security, writes Ben Crabtree, Product Line Director, Ovarro, revealing how the potential of smart technologies is being demonstrated around the world. -
South Staffordshire Plc earns prestigious RoSPA global health and safety award
UK-headquartered South Staffordshire Plc, the integrated services group operating within the UK critical infrastructure and essential services markets, has received a prestigious Royal Society for the Prevention of Accidents (RoSPA) Award for global health and safety excellence. -
Balfour Beatty achieves 99.1% Responsible Sourcing on major Thames Estuary infrastructure project
Balfour Beatty, the UK’s largest construction and infrastructure provider, has delivered exceptional environmental results on the Thames Estuary Asset Management 2100 (TEAM2100) framework, one of the nation’s most ambitious flood defence initiatives.
Expert Focus
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- Welsh Water officially opens pioneering £13 million reedbed and wetlands storm overflow in UK first
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United Utilities accelerates investment to reduce spills from storm overflows across Northwest
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest. -
Working for WSP - what if you could build a career as unique as you? With us, you can
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What's to be done about the UK's failing utilities - is special administration the solution?
What is to be done about the UK’s failing utilities? Listen to Professor Dieter Helm explore the options to tackle the UK’s failing utilities – Thames Water, the Royal Mail and Network Rail in particular.
Top Stories
- Ofwat agrees to Thames Water request for further referral of appeal to CMA with open-ended timescale
- Sellafield Ltd awards £2.9 billion key non-nuclear utilities, civils and electrical distribution infrastructure contracts
- Thames Water – owner of Northumbrian Water CK Infrastructure re-enters the ring
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