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Thames Water is trying to secure £3bn in emergency funding to protect against imminent collapse, a plan which London’s High Court will decide on in Febrary. The company is also looking to find ...
Thames Water, which serves 16 million customers in and around London, was seeking court approval for about 3 billion pounds ($3.8 billion) in rescue loans to prevent it from being nationalized ...
However, government regulators also cut back on investments. While the industry became profitable, the rate of return on assets based on replacement cost values remained low at less than 2%. As part of the attempt to commercialise the service providers, the Water Act 1983 reduced the number of board members of the water authorities. However, it ...
During these 11 years £2.8 billion was paid to shareholders; 40% of the total £7 billion in dividends paid by Thames Water in the 32 years from 1990 to 2022. [13] Thames Water was a Tier Three sponsor of the 2012 Summer Olympics in London. [14]
Most drinking water consumed in London comes from the River Thames and the River Lee. Approximately 70% of all water supplied to London is taken from the Thames upstream of Teddington Weir. [6] Greater London is currently supplied by four companies: Thames Water (76% of population), Affinity Water (14%), Essex and Suffolk Water (7%) and SES ...
A new report has said Thames Water is in worse financial straits than already thought Thames Water: Fears of more bill hikes as £38bn bill revealed Skip to main content
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.