Thames Water

Latest

Thames ring-fences extra £500k for vulnerability support

Thames is dedicating £500k through its Trust Fund initiative to support financially vulnerable households in London and the Thames Valley. This includes £400k in grants to debt and money advice services across the region and £100k to a household pot that customer service employees can direct billpayers to.

7 months ago

Thames: No dividends coming this decade

Shareholders in Thames Water are unlikely to see a dividend payment before 2030, interim co-chief executive Cathryn Ross has said. The former Ofwat boss also bemoaned a “backwards looking and risk averse” regulatory regime and a lack of co-ordination between the various bodies overseeing the sector.

7 months ago

Former Thames, Ofwat and Drax bosses join Ofgem board

Ofgem has appointed five new non-executive directors to bolster its board. The appointments include former employees of the likes of Ofwat, Thames Water and Drax, as well as an ex-government adviser and a former member of the European Parliament.

7 months ago

Thames: Our assets need £20bn upgrade

The cost of upgrading and future-proofing Thames Water’s ageing assets would be almost £20 billion, the company has revealed. To tackle the most pressing issues, Thames has proposed spending £4.7 billion on its assets in the five years to 2030. The figures are revealed within Thames’ PR24 business plan which it made public on 5 October, three days later than Ofwat’s submission deadline.

7 months ago

Water bills could rise by up to 64% by 2030

8 months ago

Water firms seek £96bn across AMP8

8 months ago

Water companies owe billpayers £236 million for underperformance

8 months ago

Why engaged employees can solve the customer conundrum

9 months ago

Where will England’s next reservoirs be?

9 months ago

Helm: Breaking up Thames would be a good start

Economist Dieter Helm has proposed dividing beleaguered Thames into two public limited companies with simplified ownership to improve management and prevent financial engineering. The sector's long-term critic also took Ofwat to task for not taking steps to strip poorly-performing companies of their licences and proposed reverting to the single-company structures of the original privatised companies.

9 months ago

Thames to replace sewage pipe after multiple bursts

9 months ago

Thames to reveal new turnaround plan

9 months ago

Six water companies face £800m lawsuit

9 months ago

Water firms urged to step up emissions ambitions for PR24

10 months ago

Black urges water companies to explore financing models

10 months ago

Ross apologises to appointments watchdog

10 months ago

Thames top team denies bills will rise

The newly-installed leadership team at Thames Water has promised a parliamentary committee that customers will not face higher bills due to the company's financial troubles. The interim CEOs and new chair Sir Adrian Montague spoke out on nationalisation, the revolving door between regulator and regulated and the reasons for Sarah Bentley’s departure.

10 months ago

Thames explains £250m investment discrepancy

10 months ago

Thames Water results: Five things we learnt

Thames Water has published its eagerly-awaited annual results, following a fortnight of speculation about its financial health. The headline figures show revenue grew by 4% to £2.3 billion during the past year but EBITDA dropped 3% to £1.1 billion. Also within the 183-page document were revelations about bonus payments, environmental provisions and shareholder commitments.

10 months ago

Thames Water overhauls bonus structure

10 months ago