WaterSector

Southern Water Aims to Secure $900 Million to Safeguard Credit Ratings

4 days ago

In a strategic move to bolster its financial standing, Southern Water is actively seeking to raise $900 million. This initiative underscores the company’s commitment to preserving its credit ratings amid ongoing scrutiny and challenges faced by the water sector in the UK.

Thames Water Requests CMA Review of Ofwat's Business Plan Decision

8 days ago

In a significant development for the UK water sector, Thames Water has formally requested the Competition and Markets Authority (CMA) to conduct an inquiry into a recent decision made by the water regulator, Ofwat, regarding its business plan for the next five years. This move underscores ongoing tensions in the regulatory landscape as water companies grapple with increasing scrutiny and demands from stakeholders.

Macquarie's Challenges with Southern Water: A Divergence from Thames’ Model

3 months ago

In a recent declaration made by Ofwat, the water regulatory authority in England and Wales, it has been made clear that Macquarie’s management of Southern Water will not be conducted in the same fashion as its oversight of Thames Water. This announcement underpins the complexities and unique challenges that Southern Water faces, distinct from those encountered by Thames, which has become a focal point in discussions surrounding the future of water management in the UK.