THE AMERICA ONE NEWS
Jun 6, 2025  |  
0
 | Remer,MN
Sponsor:  QWIKET 
Sponsor:  QWIKET 
Sponsor:  QWIKET: Elevate your fantasy game! Interactive Sports Knowledge.
Sponsor:  QWIKET: Elevate your fantasy game! Interactive Sports Knowledge and Reasoning Support for Fantasy Sports and Betting Enthusiasts.
back  
topic
The Telegraph
The Telegraph
28 Jun 2023


The Government is drawing up contingency plans for the collapse of Thames Water as the utility company battles to pay down a £14bn debt pile.

The emergency nationalisation of Thames Water is being considered in Whitehall as the company scrambles to raise £1bn from investors.

Ministers and water regulator Ofwat have begun discussions about the possibility of placing the company into a special administration regime (SAR) that would effectively take the company into temporary public ownership.

Meanwhile, investment bank Rothschild and law firm Slaughter & May are advising on funding options for the business, with a £1.4bn bond due to be repaid by the end of next year.

Shareholders agreed to pump in £500m into Thames, which is responsible for supplying water to one in four UK households, in June last year as the business tried to deal with a vast leakage problem.

It comes as the company’s chief executive Sarah Bentley unexpectedly resigned with immediate effect on Tuesday.

Read the latest updates below.