Thames Water Class A creditors submit “detailed and improved proposal” to Ofwat to stave off company’s collapse
Thames Water investors have today submitted a new plan to Ofwat to stave off the company’s collapse – the proposal from the London & Valley Water (L&VW) consortium aims to deliver £5.4 billion of committed funding to Thames Water.
Thames Water to seek further drawing of £157 million in July 2025 from emergency £1.5 billion loan
Thames Water has announced it is seeking a further drawing of £157 million in July 2025 from the initial £1.5 billion loan available under the group's liquidity facility.
Fitch Ratings warns water companies face significant operational and financial challenges during AMP8
The water companies in England and Wales face significant operational and financial challenges during the 2025-2030 AMP8 investment period, according to a new report from Fitch Ratings on the UK water sector.
Thames Water chiefs on defensive under grilling from Commons EFRA Committee
Thames Water chiefs were on the defensive when they appeared in person before the House of Commons EFRA Committee earlier this week in an intensive two hour evidence session which made for compelling – and at times uncomfortable – viewing.
House of Lords warned designation of preferred bidder would “inevitably multiply problems” for Thames Water
The House of Lords was warned last week that the designation of private equity firm Kohlberg Kravis Roberts (KKR) as preferred bidder would “inevitably multiply problems” for Thames Water.
Highly critical NAO report warns regulators have failed to deliver trusted and resilient water sector
The National Audit Office (NAO) has today published a highly critical report saying that the Department for Environment, Food and Rural Affairs (Defra) and water regulators have failed to drive necessary investment for the sector, which now faces significant environmental, supply and infrastructure challenges.
Fitch affirms United Utilities senior unsecured rating at 'A-'
Fitch Ratings has affirmed United Utilities Water Ltd's (UUW) and United Utilities Water Finance PLC's (UUWF) senior unsecured ratings at 'A -'.
Pennon Group announces launch of fully underwritten £490 million rights issue
Owner of South West Water Pennon Group has formally announced the launch of its fully underwritten rights issue to raise £490 million as part of a comprehensive financing package.
Ofwat data shows household water bills debt across England and Wales stands at over £2 billion
New data released by Ofwat shows that the total debt for household water bills across England and Wales for households amounts to over £2 billion. As of March 2024, approximately 8.2% of household customers were in payment arrears, with the average amount owed to their water company being approximately £822.
Thames Water gains 90%+ creditor approval in vote on restructuring plan
Thames Water Utilities Ltd has announced that the restructuring plan proposed by Thames Water Utilities Holdings Ltd has been approved by creditors holding over 90% of secured debt present and voting at the plan meetings, ahead of it being considered by the Court at the sanction hearing scheduled for 3 - 6 February 2025.
News Showcase
-
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
News Sections
Other Latest News
- Government proposes new financial penalties for environmental offences and bolstered powers for EA to hold water companies to account
- Specialist AI tech built by UK government helped to speed up government’s decision to abolish Ofwat
- Water innovation potential mapped at British Water Innovation Summit
- Southern Water awards £9 million AMP8 contract for wastewater networks optimisation services
- Kraken announces first water customers beyond UK, in partnership with Essential Water in Australia
- Ofwat agrees to Thames Water request for further referral of appeal to CMA with open-ended timescale
Watch
-
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
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video. -
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
- Government proposes new financial penalties for environmental offences and bolstered powers for EA to hold water companies to account
- Specialist AI tech built by UK government helped to speed up government’s decision to abolish Ofwat
- Ofwat agrees to Thames Water request for further referral of appeal to CMA with open-ended timescale
Login / Register
New Account Registrations
To register for a new account with Waterbriefing, please contact us via email at waterbriefing@imsbis.org
Existing waterbriefing users - log into the new website using your original username and the new password 'waterbriefing'. You can then change your password once logged in.