Topic
utility
Business South East Water ordered to pay £30.5m by Ofwat after supply failures
Ofwat has ordered South East Water to pay a £30.5m redress package after three investigations found repeated supply failures affecting hundreds of thousands of households in Kent and Sussex. The package includes £15m in customer compensation and improvement measures, and will be funded by shareholders. An independent monitor will oversee the company's performance improvement plan.
Business Thames Water Nears Collapse as Government Rejects Lenders' Rescue Plan
Thames Water faces financial collapse after the UK government rejected a rescue plan from its main lenders, London & Valley Water, citing insufficient consumer and environmental protections. The utility, serving 16 million people, is now at risk of entering a special administration regime (SAR). Its debt has spiralled beyond £20bn since privatisation, worsened by Macquarie's ownership. Customers will see no service disruption regardless of outcome.