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Thames Water can continue with £3 billion restructure plan after winning court battle

  • An appeal against Thames Water's restructuring plan was dismissed at the Court of Appeal.
  • Thames Water is at risk of running out of funds due to its £17 billion debt.
  • Thames Water serves around 16 million customers and owns more than 20,000 miles of water mains.
  • Both Thames Water and the government assure that water supply will continue for customers.
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Oxford MailOxford Mail
+4 Reposted by 4 other sources
Center

Thames Water restructure approval challenge dismissed at Court of Appeal

Appeals against the approval of a plan to restructure Thames Water through a loan of up to £3 billion has been dismissed.

·Oxford, United Kingdom
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The Herald PalladiumThe Herald Palladium
+14 Reposted by 14 other sources
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Court upholds £3 bn lifeline for UK's top water supplier

A UK court on Monday upheld an emergency loan granted to Thames Water, allowing Britain's largest such supplier to keep a financial lifeline as it drowns under massive debt.

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  • 53% of the sources are Center
53% Center
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abc News broke the news in United States on Monday, March 17, 2025.
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