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Inside Thames Water’s troubles and what happens when private companies own utilities
Canadian public sector fund Omers owns almost a third of highly indebted UK utility
Decision to appoint watchdog’s former head Cathryn Ross as co-chief of water company draws criticism from MPs
The UK utility is a case study in some of the worst aspects of private equity-style financial engineering
Troubled UK utility company warns it will need a further £2.5bn by 2030
Critics say regulator has failed to deliver financial or management discipline
The Pensions Regulator’s scrutiny comes after plans emerge for a bailout of the utility
Utility struggling to raise sum and would need even more beyond that, regulator tells Lords committee
It’s time for some water utility game theory
The listed groups are less geared and have made a better start at tackling problems with ailing infrastructure
Utility seeks £1bn to shore up finances amid concern that investment in US is more attractive
Privatised utilities face a day of reckoning caused by spectacular regulatory failure
CEO’s abrupt exit and revelations of planning for temporary nationalisation intensify scrutiny of debt-laden industry
Universities Superannuation Scheme gives backing to turnround plan as Severn Water boss tries to rally sector against nationalisation
Problems at Thames show how sector was reshaped by financial engineering
Former colleagues say new chair will need all his experience of government and business to fix debt-laden utility
Plus, bankers feel the pain of dwindling M&A fees and the insider trading charges connected to Donald Trump’s media Spac
Cost of utility’s £16bn debt has surpassed price increases it has been able to pass on to consumers
Overleveraged business needs a debt-for-equity swap to reduce financial pressure
Reasons to be fearful in the soggiest sector
Veteran troubleshooter brought in as government contemplates potential taxpayer rescue
According to an ex banker who designed capital structures for privatised water companies
Ministers on standby to intervene in debt-laden business a day after abrupt exit of chief Sarah Bentley
Contingency plan to rescue Thames Water with others also struggling under debt burden
A government that supports privatisation should not again attempt to socialise any cost via taxpayers
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