The struggling utilities giant has put forward the deal amid continued efforts to restructure its significant debt pile.

Thames Water launches plan to raise up to £3bn in emergency funding

An initial investigation showed a leak at the site of the sinkhole which also affected around 50m of piping along West Street towards Pump Corner. 

Town gridlocked for months as sinkhole leaves businesses in fear of going bust

The regulator is proposing to appoint an independent monitor for the struggling water company, who would have access to its financial information.

Ofwat planning independent monitor for Thames Water after ratings downgrades

People living nearby claim to have found a huge build-up of raw sewage had collected by the lock.

London lock pumped full of raw sewage creating 'environmental hazard'

He takes on the job at a critical time for Thames Water as it looks to repair its finances and improve its environmental track record.

Thames Water hires new boss on pay deal worth up to £2.3m

It came as the utility giant also admitted it does not currently have the funds to repay a £190 million loan due in April.

Thames Water bosses blame ‘very low bills’ for financial troubles

The fine for underperforming will be passed onto Thames Water's 15 million customers through lower bills over 2024 and 2025, Ofwat said. 

Thames Water forced to return £74 million to customers through lower bills

Local residents collect bottles of water in Godalming, Surrey, as almost 12,000 people remain without running water in areas including Guildford and Godalming, after Storm Ciaran caused problems at a treatment plant in Surrey. Picture date: Monday November 6, 2023.



Thames Water has apologised for the problems in areas including Guildford and Godalming, saying that the storm had created issues at a water treatment works..

Surrey residents ‘unable to bathe or flush toilets for days’ amid water issues

Thames Water apologised after certain postcodes were left with "low pressure or no water". The firm issued an update later saying the issue is now fixed.

Thames Water warns schools and homes 'left with low pressure or no water'

15 schools and over 30 postcodes were left without water or with low pressure after a "power supply problem"  

Thames Water power problem: List of schools closed and postcodes affected

Co-interim CEO Cathryn Ross has also said households with bigger gardens could pay more for water.

Water bills will have to go up next year, Thames Water boss admits 

Cathryn Ross, told the London Assembly Environment Committee the company was sorry for the part it has played 'in the state of our aquatic environment'..

Thames Water boss 'deeply sorry' for untreated sewage spills

The £4.5 billion tunnel has been funded by the water company through customer bills and is set to become operational next year.

London super sewer ‘will open’ despite debt-ridden Thames Water facing collapse

The water at the Aspext development in Bow had an unusual taste and smell - and was found to contain hydrocarbons.

Contamination leaves East London new-build residents without drinking water

Footage shows emergency services using small boats and helping residents wrapped in blankets to safety.

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