Breakdown of accounts comes as testing on Tideway tunnel set to begin and UK’s biggest water provider faces debt crisis
Troubled utility asks regulator to approve higher expenditure alongside potential rise to bills
Ofwat criticises failure to improve infrastructure in letter seen by Financial Times
Chancellor says UK government will never insure investors against poor decisions
In 32 years since privatisation £78bn has been paid out of utilities
Investors calculated that it would take £8bn of fresh equity to comply with Ofwat conditions
Investors say regulatory conditions make utility’s business plan ‘uninvestable’
The utility’s nine shareholders and regulator Ofwat have moved firmly beyond bluff tactics
Companies are asking for increases of up to 70% by 2030 to deliver improvements to infrastructure
Water company seeks to avoid government bailout as officials make contingency plan for its failure dubbed Project Timber
Chartered Institute of Internal Auditors tells regulator Ofwat it is concerned about in-house oversight
Annual increase will come on top of the uplift set by Ofwat every five years
Chris Weston aims to put UK utility on a stable footing despite ongoing regulatory uncertainty and threat of penalties
Annual Ofwat report flags Thames Water, Southern Water, South East Water and SES Water as high priority
Households asked to pay an extra £156 per year on average by 2030
Ofwat says almost all groups missed targets on pollution, leakage and customer service
Roles of government, Environment Agency and Ofwat in monitoring and enforcement of discharges by water companies under scrutiny
Decision to appoint watchdog’s former head Cathryn Ross as co-chief of water company draws criticism from MPs
The UK utility is a case study in some of the worst aspects of private equity-style financial engineering
Critics say regulator has failed to deliver financial or management discipline
Utility struggling to raise sum and would need even more beyond that, regulator tells Lords committee
The listed groups are less geared and have made a better start at tackling problems with ailing infrastructure
Utility seeks £1bn to shore up finances amid concern that investment in US is more attractive
Cost of utility’s £16bn debt has surpassed price increases it has been able to pass on to consumers
Reasons to be fearful in the soggiest sector
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