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On 10 July 2023, Thames Water shareholders agreed to provide £750m in funding, [31] short of the £1bn sought; the company also said it would need a further £2.5bn from investors by 2030. [32] In September 2023, Thames Water was one of several water companies ordered by Ofwat to pay back customers for poor performance.
June 30, 2023 at 3:09 AM. ... The crisis engulfing Thames Water, which serves 15 million customers in London and the south-east, comes amid renewed focus on the industry which over the last year ...
The water company is already under investigation for a smaller £37.5 million dividend payment in October 2023, ... Thames Water said profit increased to £75.4 million for the year ending March ...
The scheme had investment costs of .34% in 2019 [2] (compared to 0.32% (32 basis points) total annual administration costs of £124.9m in 2017), [14] and pension administration costs of £69 per member. In July 2023, it was announced that after more than a decade in deficit the scheme has swung into a surplus of £7.4 billion.
The Thames Tideway Tunnel is a 25 km (16 mi) combined sewer running mostly under the tidal section (estuary) of the River Thames across Inner London intended to capture, store and convey almost all the raw sewage and rainwater that currently overflows into the estuary. These events occur when rainfall volumes exceed the capacity of Bazalgette ...
July 10, 2023 at 4:34 AM. Vuk Valcic/SOPA Images/Sipa US/Reuters. Investors in Thames Water have agreed to put an extra £750 million ($962 million) of equity funding into the troubled utility to ...
In 1989 the Thames Water Authority was partly privatised, under the provisions of the Water Act 1989 [3] with the water and sewage responsibilities transferring to the newly established publicly quoted company of Thames Water, and the regulatory, land drainage and navigation responsibilities transferring to the newly created National Rivers Authority which later became the Environment Agency.
The regulator also opposed the utility firm’s planned 44% rise in consumer bills over the next five years, telling Thames Water it should instead increase average yearly bills by 23% to £535 ...