Struggling utility accepts greater oversight and new independent directors in lieu of regulatory penalty
London utility edges towards nationalisation after S&P slashes its credit status to ‘junk’
Severn Trent, United Utilities, Dŵr Cymru Welsh Water and Hafren Dyfrdwy added to investigation
The board has failed to deliver — bring in the Special Administrators
A stock market quotation confers transparency over corporate governance, accounting and performance
Regulator signs off on limited increase in household bills across the country
Proposals come as South East Water warns it needs investors to put more money into the business
Investors, consumers and green campaigners will all be left unsatisfied by latest talks but Ofwat has a different priority
Ofwat has limited room for manoeuvre in providing leniency to financially distressed water companies
Ofwat draws up proposal for ‘recovery regime’ to avoid nationalisation of Thames Water and other groups
Industry lobby group criticises Ofwat for ‘slow’ and ‘inflexible’ processes that delay vital infrastructure
Ofwat encourages debt-laden utilities to set up entities to deliver reservoirs and pipelines
Breakdown of accounts comes as testing on Tideway tunnel set to begin and UK’s biggest water provider faces debt crisis
Troubled utility asks regulator to approve higher expenditure alongside potential rise to bills
Ofwat criticises failure to improve infrastructure in letter seen by Financial Times
Chancellor says UK government will never insure investors against poor decisions
In 32 years since privatisation £78bn has been paid out of utilities
Investors calculated that it would take £8bn of fresh equity to comply with Ofwat conditions
Investors say regulatory conditions make utility’s business plan ‘uninvestable’
The utility’s nine shareholders and regulator Ofwat have moved firmly beyond bluff tactics
Companies are asking for increases of up to 70% by 2030 to deliver improvements to infrastructure
Water company seeks to avoid government bailout as officials make contingency plan for its failure dubbed Project Timber
Chartered Institute of Internal Auditors tells regulator Ofwat it is concerned about in-house oversight
Annual increase will come on top of the uplift set by Ofwat every five years
Chris Weston aims to put UK utility on a stable footing despite ongoing regulatory uncertainty and threat of penalties
