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The creditors' rescue plan for Thames Water still seems far too murky
The Guardian
|September 04, 2025
You'd expect London & Valley Water - the consortium of investors' banner - to opt for straight-talking and openness
The wannabe new owners of Thames Water say they are "fully committed to a new transparent and collaborative relationship with regulators". Jolly good. Unfortunately, this embrace of transparency does not appear to extend to the poor old customers.
At this late stage in the dance to decide Thames's future, you'd expect London & Valley Water - the banner under which the consortium of creditors now sail - to opt for straight-talking and openness. So how, the customers will want to know, do the consortium's supposedly "realistic" performance targets measure up against the "unrealistic" ones that were set last December under Ofwat's final determination? Surely it should be a simple matter to say which have been downgraded and delayed, and which may even have been upgraded or accelerated.
Dit verhaal komt uit de September 04, 2025-editie van The Guardian.
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