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Articles for Ofwat, search results for collapse

Troubled Thames Water braces for enormous fines in latest Ofwat crackdown
5 months, 1 week ago

Troubled Thames Water braces for enormous fines in latest Ofwat crackdown

The Telegraph  

Thames Water is bracing for an avalanche of fresh fines running into the hundreds of millions of pounds as it battles to stave off emergency nationalisation. The Telegraph understands Thames is facing steep penalties from Ofwat, the industry regulator, for a catalogue of mistakes and scandals including unsanctioned dividend payments, sewage dumping, and missing basic performance targets. Ofwat is also …

Ofwat Crackdown Thames
Ofwat explores Thames Water break-up in ‘Project Telford’ rescue plan
7 months, 3 weeks ago

Ofwat explores Thames Water break-up in ‘Project Telford’ rescue plan

The Telegraph  

The water regulator is working on rescue plans for Thames Water that could see its sprawling operations dismantled and sold off as piecemeal to rival suppliers. Codenamed Project Telford, Ofwat has tasked a former private equity banker with overseeing its contingency plan for the utility giant, which is battling to stave off collapse under the weight of an £18bn debt …

Water Thames Water Thames Ofwat Project Telford
Thames Water crisis prompts warning that fines could trigger collapse
10 months ago

Thames Water crisis prompts warning that fines could trigger collapse

The Telegraph  

Water suppliers such as Thames Water are at risk of collapsing into administration if they are fined for bad behaviour, MPs have warned, potentially landing taxpayers with a multi-billion pound bailout bill. The Telegraph revealed on Friday that Whitehall officials are drawing up contingency plans to prepare for the possible collapse of Britain’s largest supplier, which serves 15 million customers …

Thames Water Ofwat Suppliers Financial
Thames Water asked to explain how dividend payment does not break Ofwat rules
1 year ago

Thames Water asked to explain how dividend payment does not break Ofwat rules

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Ofwat has asked Thames Water …

Environment Water Shareholders Dividend Company Break Customers
Thames Water crisis explained as utility giant serving 15m people faces collapse
1 year, 5 months ago

Thames Water crisis explained as utility giant serving 15m people faces collapse

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. He told Sky News: “Absolutely nothing is going to happen …

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Emergency plans ‘drawn up for Thames Water collapse’ as water firm racks up £14bn debt
1 year, 5 months ago

Emergency plans ‘drawn up for Thames Water collapse’ as water firm racks up £14bn debt

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Sarah Bentley was paid £1.6mn despite giving up bonus Environment minister Rebecca Pow told …

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