British Government Considers Taking Control of Heavily Indebted, Underperforming Water Utility Thames Water
- Thames Water, Britain's biggest water company, is seeking emergency funding from shareholders to address its $14 billion debt pile and operational issues.
- The British government is discussing contingency plans to temporarily nationalize Thames Water if it fails to secure additional investments.
- Thames Water has faced criticism over underinvestment in infrastructure, sewage leaks, pollution, and high executive pay.
- Other major UK water companies also have high debt levels and are under pressure to increase spending on infrastructure upgrades.
- Options for addressing Thames Water's woes include equity injections, partial nationalization, or a special administration regime where creditors may face losses.
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