Story perspectives
Rescue Plan Aims to Save Thames Water from Collapse
10/2/2025
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Story summary
- Lenders led by London & Valley Water propose a rescue plan to avert the UK's largest water company's collapse after a record £122.7 million fine.
- The plan would write off about a third of Thames Water's nearly £20 billion debt and inject £5.4 billion.
- Thames Water serves 16 million customers; the consortium aims to float by 2030, while Ofwat reviews.
