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The UK Government is reportedly considering nationalising Thames Water, Britain’s largest water company, potentially transferring most of its £15 billion debt to the public.
Details obtained by the Guardian reveal that under a Whitehall blueprint, lenders could incur losses of up to 40% of their investments.
Originally debt-free in 1989, Thames Water’s financial situation has evolved, prompting the need for a new management structure.
If implemented, Thames Water would become a publicly owned entity, akin to projects like Crossrail.
However, this move poses challenges and debates regarding public sector involvement in essential services.
Energy Live News has contacted Thames Water, Ofwat and the Department for Business and Trade for comment.
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