Water sector regulator Ofwat is currently considering a bailout proposal from a group of Thames Water’s existing investors, according to reports in a number of online and print news organisations this morning.
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.
Chief Executive of the Environment Agency Philip Duffy has written to Ofwat Chief David Black regarding the Ofwat performance related executive pay (PRP) prohibition rules for water industry category 1 incidents which came into effect on Friday.
The House of Commons Public Accounts Committee will hear evidence in person later today from senior executives at Ofwat, Water UK, CCW, DEFRA and the Environment Agency as part of its current inquiry into water sector regulation.
The Government has granted Ofwat new powers to block water companies from paying bonuses to CEOs and CFOs – the new rule will come into force tomorrow to ban unjustified executive bonuses in the water sector.
MPs on the cross-party House of Commons Environmental Audit Committee (EAC) are calling on the Government to ban damaging activities such as bottom trawling in certain protected areas of England’s waters, in a report published today.
Ofwat has concluded its investigation into Northumbrian Water securing an enforcement package of £15.7 million to be paid by the wastewater company and their shareholders, not customers.
The Independent Water Commission is calling for wide-ranging and fundamental change to reset the water sector in England & Wales to address ”deep-rooted, systemic and interlocking failures” in its interim findings released today ahead of its final report this summer.
Ofwat has published findings from research into a Southern Water supply interruption that took place in Southampton and Marchwood in December 2024 - and is calling on water companies to ensure they can provide alternative water quickly to vulnerable customers.
Ofwat has launched a new consultation on its proposal to establish charging rules for English water companies to comply with in setting their bulk charges in supplying water to or discharging wastewater from new appointments and variations.
Ofwat has published new guidance on what factors it will take into account in determining whether an infrastructure project should be specified for delivery under the Water Industry (Specified Infrastructure Projects) (English Undertakers) Regulations 2013.
Ofwat has today announced the final decision in two investigations looking into the operations of Thames Water, who will face penalties totalling £122.7m. These will be paid by the company and its investors, and not by customers.
The Future Water Association’s annual Networks November event kicked off last week with a Year in Water Review – a recap on the past year and what it means for the sector going forward.
South West Water has hosted the first municipal trial of the Fournier Rotary Press in the UK, assessing its potential to improve sludge dewatering performance and support future biosolids standards.
Uniwater has acquired Hy-Ram Engineering, a specialist in tooling, products and hire for the water sector, based in Mansfield, England.
Enpure Ltd and Clean TeQ Water Ltd have announced a collaboration agreement to bring Clean TeQ Water's Moving Bed Ion Exchange-based nutrient removal technologies to water utilities across the UK.