Dossier
Ofwat
Coverage of Ofwat in the Nexus archive.
- Thames Water creditors ‘will bid for company even if it is nationalised’
Thames Water's creditors, a group of 100 institutional investors holding £14bn of the company's senior debt, are prepared to bid for the company even if it is temporarily nationalised. They are discussing a £10bn rescue proposal with regulator Ofwat officials.
- Thames Water nationalisation moves closer as government ‘objects to rescue deal’
The UK environment secretary objected to a £10bn rescue plan for Thames Water, citing concerns it would place an 'undue burden' on customers, pushing the company closer to nationalisation. The government's objection to the rescue deal suggests a potential shift towards public ownership for the UK's largest water company.