Creditors seeking to take control of Thames Water have tabled a final rescue plan to regulators, proposing a £4 billion debt write off in exchange for more achievable environmental targets.
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CK Infrastructure, a leading Hong Kong-based utilities investor, is on the verge of securing a £2 billion agreement to acquire the Isle of Grain liquefied natural gas terminal from National
Octopus Energy has launched a scathing criticism of energy regulator Ofgem following a £1.5m fine over what it describes as “impossible” customer billing rules. The energy supplier, now Britain’s largest,
Australian finance powerhouse Macquarie has orchestrated yet another substantial bailout of Southern Water, pushing their total investment to a staggering £2.85 billion over four years. The latest rescue package arrives
In a significant development for the British energy sector, Spanish energy giant Iberdrola, the owner of Scottish Power, has initiated preliminary discussions with Ovo Energy regarding a potential merger that
Creditors of Thames Water are reportedly preparing to write off approximately £6 billion of its debt as the American private equity firm KKR advances its bid to take control of
Thames Water, the UK’s largest water provider, has successfully secured a £3 billion emergency refinancing deal following a ruling by the Court of Appeal. This lifeline has staved off immediate
Major creditors of Thames Water have issued a firm directive to Britain’s water regulator, stating that a proposed £3bn emergency loan cannot be used to settle outstanding fines. The UK’s
A significant development has emerged in the ongoing Thames Water crisis as Graham Edwards, the Conservative Party treasurer, heads a consortium aiming to rescue the troubled utility company. The proposed
A planned £3 billion emergency loan for Thames Water could incur more than £800 million in interest and additional costs, raising serious concerns about the impact on customers and infrastructure
British power generation giant Drax has lifted its annual profit forecast, capitalising on reduced wind farm output across the UK energy network. The North Yorkshire-based enterprise anticipates adjusted earnings to
Thames Water, the embattled London utility serving 16 million people in south-east England, has called for yet another increase in customer bills as it warns that proposed cuts to its
