Thames Water Edges Toward Nationalization After Government Opposes Private Rescue Deal
BBC—The UK government has signaled opposition to the proposed private rescue deal for debt-laden Thames Water, moving the company a step closer to temporary nationalization. Ministers raised concerns that the terms of the deal did not adequately protect bill-payers or guarantee long-term investment in the network. Thames Water serves about 15 million customers across London and the South East and carries roughly £14 billion in debt.