Topic
water utility
Finance Thames Water Gave Finance Chief £1m Signing-On Fee, BBC Reports
Thames Water paid finance chief Steve Buck a £1m signing-on fee in July, according to the BBC, with the money believed to come from emergency lender funding. The utility owes roughly £20bn and faces a possible special administration regime. The payment was revealed in a letter from the chairman to MPs.
Technology Leaked Memo Links Iranian Hackers to Minnesota Water Utility Cyberattacks
A leaked memo obtained by WIRED from the Water Information Sharing and Analysis Center (WaterISAC) links a series of cyberattacks targeting dozens of Minnesota water and wastewater utilities to Iran. The attacks, which caused boil-water notices and manual operations, align with a hacking campaign previously attributed to Iran by CISA. The incident represents a rare case of state-sponsored targeting of civilian infrastructure outside of Russia's war on Ukraine.
Business South East Water appoints John Halsall as chief executive after David Hinton resignation
South East Water has appointed John Halsall as its new chief executive, replacing David Hinton who resigned. Halsall, with experience at Thames Water and Network Rail, takes charge as the utility faces regulatory fines and repeated water supply failures. He outlined priorities including a £2.1bn investment programme.
Business Thames Water Moves Closer to Nationalisation After Government Objects to Rescue Deal
The UK government has formally objected to a proposed rescue deal for Thames Water, moving the struggling utility closer to nationalisation. Environment Secretary Emma Reynolds raised concerns over the lenders' package, which the government says fails to protect consumers and the environment. Without an alternative, Thames Water could face a special administration regime within months.