The UK government is working on plans to nationalise Thames Water, Sky News reports. The indebted utility, which lost its chief executive on Tuesday, may be placed into a special administration regime, with ministers worrying about the company's ability to shoulder 14 billion pounds of debt.
A Thames Water operative views pallets of bottled water for distribution in Hampstead in London, Britain, March 5, 2018. REUTERS/Toby Melvillereports
. The indebted utility, which lost its chief executive on Tuesday, may be placed into a special administration regime, with ministers worrying about the company's ability to shoulder 14 billion pounds of debt. UK water companies, privatised by Margaret Thatcher in the 1980s, were supposed to be sleepy investments churning out inflation-proof dividends. But they have come under pressure in recent years due to tougher price controls, high investment and energy costs, and poor performance on spills.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK working on contingency plan for indebted Thames Water -Sky NewsThe British government is drawing up contingency plans to bring privately-owned Thames Water, the country's biggest water company, into temporary state ownership in case it collapses under its debt pile, Sky News reported.
Read more »
UK government on standby as Thames Water struggles with debtsThe British government is monitoring Thames Water and prepared for a range of scenarios that could include taking it into temporary state ownership as the country's biggest water supplier grapples with huge debts.
Read more »
Arizona Opinion: Arizona’s water future depends on new water supplies'there will be significant legal hurdles to overcome, and the price tag will be very high.'
Read more »
Ennis residents asked to conserve water after electrical issue at water plantResidents in the Ellis County city of Ennis are being asked to reduce water use as an electrical problem is keeping the city from pumping fresh water into its system.
Read more »
Breakingviews - Aston Martin pulls out of slow lane in EV raceAston Martin Lagonda’s route to viability is a brain-teaser worthy of Q, James Bond’s quartermaster famous for turning everyday objects into whizzy tools. The 2.6 billion pound carmaker’s latest deal with $11 billion Lucid shows the marque made famous by the fictional spy is, however, making progress.
Read more »