Monday, August 17, 2026
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Thames Water defers bill challenge to pursue rescue plan

The water utility’s senior lenders presented their plan to fix the company’s finances and stop it being nationalised earlier this month

International News via Reuters:

Britain’s Thames Water said on Tuesday it had agreed to defer once again its challenge to the regulator’s decision on how much it can raise customer bills while it works to secure a rescue plan funded by its creditors.

The water utility’s senior lenders presented their plan to fix the company’s finances and stop it being nationalised earlier this month, including writing off 7.5 billion pounds ($10.1 billion) of debt.

($1 = 0.7451 pounds)

Reporting by Paul Sandle; editing By William James

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