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The Latest Breaking News from Ofwat

Severn Trent doubles CEO reward plan to £3.1m despite anger over water pay

Increase to long-term incentive plan means James Jesic could significantly outearn predecessor Liv Garfield

The Guardian - UK

The tide is turning on Thames Water: special administration looks best

It is still not totally clear what the government wants but the political mood seems to be shifting towards a decision

The Guardian - UK

£10bn Thames Water rescue bid poses ‘unfair costs to customers’ – minister

Environment Secretary Emma Reynolds has warned the proposals to rescue the stricken utility do not sufficiently protect consumers or the environment.

Evening Standard

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Government raises doubts over £10bn rescue deal for troubled Thames Water

The Environment Secretary said she had written to regulator Ofwat to say the rescue bid did not sufficiently protect consumers’ interests.

Evening Standard

Thames water crisis deepens after government objects to £10bn rescue plan

Britain's largest water supplier, Thames Water, faces potential government control as ministers question a £10 billion rescue plan. Serving 16 million, the debt-laden company could enter a temporary nationalisation if regulators reject the creditor-led proposal. Concerns centre on customer burdens and environmental protections amid years of mismanagement.

The Times of India

Thames Water edges closer to nationalisation amid minister’s concerns over rescue deal

Environment secretary Emma Reynolds is understood to be concerned the deal places an ‘undue’ burden on taxpayers

The Independent UK

Thames Water rescue in doubt as Government ‘raises objections over deal’

Emma Reynolds is said to have written to Ofwat warning the current bid tabled by Thames Water creditors would place an ‘undue burden’ on customers.

Evening Standard

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Thames Water nationalisation moves closer as government objects to rescue deal

Environment secretary raises concerns that customers would face ‘undue burden’ from £10bn plan

The Guardian - UK

Millions missing out on utility bill support worth up to £900 – here’s how to claim

Debt to water, energy and broadband firms has reached more than £7 billion

The Independent UK

South West Water owner admits firm must ‘learn lessons’ from parasite outbreak

Residents and businesses were left without water after cryptosporidium contamination in its water supply

The Independent UK

Millions unaware of available support with household bills as debt soars – NAO

The watchdog said Ofgem, Ofwat and Ofcom must strengthen support for consumers in vulnerable circumstances.

Evening Standard

Warning millions of UK households missing out on energy bill support as debt climbs to £7bn

Watchdog says household energy debt has risen 118% since start of Ukraine war

The Independent UK

Welsh Water to pay out £44.7m over sewage spills after ‘serious’ failures

Ofwat said it had accepted the supplier’s redress package, which was first proposed in March, following consultation.

Evening Standard

Welsh Water to pay £44 million for ‘serious’ sewage spill failures

Ofwat said it had accepted the supplier’s redress package, which was first proposed in March, following consultation

The Independent UK

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The Guardian - UK

What does Andy Burnham mean by more ‘public control’ of water and energy? He is too vague

The Manchester mayor is tapping into deep public frustration over the water industry but at some stage he needs to say what he means

Evening Standard

Thousands to face water supply issues over weekend

South East Water continued to ask customers to use water for essential uses only such as drinking, washing and cooking.

The Guardian - UK

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 Conversation

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.

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The Guardian - UK

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

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

Evening Standard

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.

The Guardian - UK

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

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