Jess Shankleman

2 months ago | bloomberg.com | Jess Shankleman |Priscila Azevedo Rocha

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Dec 16, 2024 | bloomberg.com | Jess Shankleman

The UK government and regulators broke the law by allowing water companies to dump raw sewage into tributaries even when it wasn’t raining, a public watchdog said Tuesday while threatening court action. The group, called the Office for Environmental Protection, blamed several agencies and gave them each two months to respond with steps to fix their problems. After then, the OEP may sue them.

Dec 10, 2024 | news.bloomberglaw.com | Jess Shankleman |Jessica Shankleman

The chief executive of Thames Water warned breaking up the utility would be a distraction from dealing with its bigger problems of fixing chronic leaks and sewage spills. The heavily-indebted utility last week received a bid from Covalis Capital that hinges on a plan to raise money by selling off some Thames assets before floating the remaining company on the stock market.

Dec 10, 2024 | news.bloombergtax.com | Jess Shankleman |Jessica Shankleman

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Dec 10, 2024 | bnnbloomberg.ca | Jess Shankleman |Jessica Shankleman

(Bloomberg) -- Thames Water Utilities Ltd. said its debt pile grew to £15.8 billion ($20.2 billion) in the six months to October, as it warned it may not be able to continue operating without a cash injection. The UK’s largest water and sewerage supplier said net debt increased from £14.7 billion at the end of March. The company’s gearing — the level of debt compared to equity — rose to 84.2% compared to 80.6% at the end of March, according to a statement on Tuesday.