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WaterIndustry
2 stories, newest first.
- Local News · London
Thames Water needs £2.4bn to avoid collapse
Thames Water has requested an additional £2.4bn from its creditors, warning it will not survive until early 2027 without the funds. The company, serving 16 million customers, has a £20bn debt pile and has already drawn down £2.65bn of a previous £3bn lifeline.
London3 min readTrust 60 · Craft 70 · Hype 45 
Council & Politics · LondonMPs reject Thames Water creditor takeover plan
A group of MPs has urged the government to reject a £10 billion creditor takeover plan for Thames Water. The Environment, Food and Rural Affairs Committee stated the proposal prioritises extracting value over long-term success and does not benefit customers or the environment.
London4 min readTrust 68 · Craft 80 · Hype 35