28-03-2024, 02:14 PM in response to #38954
Dave (Barra) Wrote: You’ll be drinking delicious nationalised water soon, if Thames don’t shape themselves.
And yes, the weather’s been shite, even by the usual wet standards of the North Lancs riviera.
Sort it out, Sunak.
The crying from the Thames Water management/shareholders is magnificent. From what I've read, they want the 40% bill increase to cover the investment needed (so the company itself ultimately won't be contributing funds), they want the requirements for capital investment reduced (which suggests reducing the level of work they actually need to do) and a reduction in any potential fines for breaking the rules. Maybe they should have invested more earlier in the infrastructure rather than paying out dividends and they wouldn't be where they are.
They currently have sufficient cash to cover 18 months apparently so it will be at least that much of a wait before nationalisation. Hopefully Ofwat actually retain the spine they are showing and continue to tell Thames Water to do one.