All the updated news related to portsmouth water

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City

Who owns Thames Water, how much money does it owe and what might happen next?

The Government is on stand-by to step in should struggling utility Thames Water collapse. As reports emerged this week that the company needs more money to survive, the PA news agency looks at the problems facing Thames Water and what the future may ...

29 Jun 2023 at 15:07

City

Contingency plans being drawn up for possible collapse of Thames Water – reports

The Government is reportedly drawing up contingency plans for the emergency nationalisation of Thames Water as concerns grow over its mammoth £14 billion debt pile. Ministers are said to be in talks about the possibility of temporarily bringing the ...

28 Jun 2023 at 11:48

City

Which water companies are in financial trouble – and which paid out bonuses?

A swathe of water companies have been stopped from using customer money to pay bonuses to bosses this year. Ofwat said it halted about three-quarters of the total bonuses proposed by firms from being funded by consumer payments, while also ...

21 Nov 2024 at 13:28

City

Water firms given go-ahead for £2.2bn of upgrades

Water companies will be allowed to spend another £2.2 billion upgrading their networks after projects were approved by regulator Ofwat. The businesses – mainly United Utilities – will invest in 33 infrastructure schemes, with work ...

27 Jun 2023 at 12:49

Ofwat: Full list of water firms ordered to pay penalties

Water companies will have to take £157.6 million in penalties off customer bills after Ofwat published its annual performance report into the sector. The report revealed firms continue to miss targets on pollution, leaks and ...

09 Oct 2024 at 11:16

City

Thames Water crisis: Which other suppliers are struggling?

Fears over the financial health of Thames Water have brought other suppliers into the eye of the storm over their debt mountains. In December, industry regulator Ofwat flagged five water suppliers whose financial resilience ...

29 Jun 2023 at 17:36

Thames Water working to secure cash as Government draws up nationalisation plan

City

Thames Water working to secure funds as Government draws up nationalisation plan

Debt-laden utility giant Thames Water has said it is working with shareholders to secure the cash it needs after reports that ministers are drawing up contingency plans for its collapse. The company, which serves 15 ...

28 Jun 2023 at 13:41

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