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The Latest Breaking News from Ofwat

Thames Water investors say temporary nationalisation would slow its recovery

Comments come after Andy Burnham says he would renationalise water and other businesses as PM

The Guardian - UK

King’s speech: much-needed water industry reforms do not go far enough

Water bills are rising, public anger over sewage pollution has not abated, and the government has now set out a major overhaul of water regulation in the king’s speech.

The Conversation

MPs accuse South East Water leaders of incompetence over repeated outages

Resignation of non-executive chair Chris Train announced after publication of damning Commons committee report

The Guardian - UK

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If you’re not Thames, the water looks lovely for investors

Share prices of United Utilities and Severn Trent show that investors seem keen to throw capital at the right firms

The Guardian - UK

FTSE 100 rallies as oil eases and Bank of England holds rates

The FTSE 100 closed up 165.71 points, or 1.6%, at 10,378.82.

Evening Standard

United Utilities unveils £800m share sale amid plans to bolster water network

The firm said the move will create another 4,000 jobs across its operations in the North West.

Evening Standard

South East Water boss tells MPs he ‘got it wrong’ in handling outages

Bosses of the company were grilled by MPs on Tuesday about their response to the recent supply interuptions in Kent and Sussex.

Evening Standard

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Thames Water ‘close to deal that would spare it new Ofwat fines until 2030’

Offer reportedly put forward by creditors hoping to save struggling firm from being renationalised temporarily

The Guardian - UK

Investors tell Thames Water to ‘eat humble pie’ over failed takeover and open bids

CK Infrastructure says watchdog should intervene to let other firms bid after KKR pulled out

The Guardian - UK

Thames Water rescue deal talks rumble on interminably but its future remains unclear

As negotiations enter a ninth month, an outcome is thought to be weeks away and the devil is still in the detail

The Guardian - UK

Thames Water lenders float new £10bn rescue plan

Latest effort involves paying off fines worth hundreds of millions of pounds as part of bid to stave off financial collapse

The Guardian - UK

Thames Water creditors pledge £3.4bn of new equity in improved rescue bid

London & Valley Water has offered to inject £3.35 billion of new equity and up to £6.55 billion in new debt to rescue the troubled supplier.

The Independent UK

Who are the key figures in the sewage crisis, and where are they now?

With anger stoked by Channel 4’s drama Dirty Business, we look at what has happened to some of the main players

The Guardian - UK

Welsh Water to pay £44.7m after ‘unacceptable’ sewage works failings

Proposed package comes after regulator finds ‘serious and unacceptable breaches’ in how company operates

The Guardian - UK

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The Independent UK

UK water firm to pay £44.7 million to sort out its sewage problems

IN FULL

The Independent UK

Welsh Water to pay £44.7m over ‘serious and unacceptable’ sewage spills

Ofwat stated the supplier failed to adequately operate, maintain, and upgrade its wastewater network

Evening Standard

Welsh Water set to pay out £44.7m over sewage spills

Ofwat said it found “serious and unacceptable” breaches in Welsh Water’s sewage works systems and operations.

The Independent UK

Five water firms prevented from increasing bills as much as they wanted

The water firms argued they wanted to hike bills after Ofwat’s decision left them unable to meet regulatory requirements

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The Guardian - UK

Millions in England to pay higher water bills after suppliers appeal

Anglian, Southern, Wessex and South East allowed to raise charges more than originally permitted by watchdog

Evening Standard

Five water firms to hike customer bills by less than they wanted after ruling

Anglian Water, Northumbrian Water, South East Water, Southern Water and Wessex Water will be allowed an average increase of 2.2% in customer bills.

The Independent UK

Ofwat to fine South East Water £22 million for failures

IN FULL

The Guardian - UK

South East Water fined £22.5m for ‘repeated supply failures’ in Kent and Sussex

Regulator says failures that hit nearly 300,000 customers made worse by utility’s failure to maintain efficient supply system

The Independent UK

South East Water fined £22m by regulator for repeated supply failures

Ofwat says ‘significant’ water supply failures caused ‘major’ disruption for hundreds of thousands of customers

Evening Standard

Watchdog to fine South East Water £22m over water supply failures

Ofwat said it was consulting over the fine after homes in Kent and Sussex were hit by multiple supply interruptions over the years.

The Conversation

England’s sewage scandal hinges on lack of water industry regulation – new docudrama reveals how profit drives pollution

A new three-part factual drama, Dirty Business, highlights the murky world of the English water industry. This Channel 4 docudrama follows the lives of two concerned citizens from Oxfordshire in south-east England: a retired police detective called Ash Smith and a retired university professor called Peter Hammond, who is an…

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