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Ofwat Board Splits on Thames Water Creditor Rescue Deal

Ofwat is split over a rescue deal for Thames Water from senior creditors. The utility faces potential nationalization if a consensus is not reached on the plan.

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The board of the water regulator in the United Kingdom, Ofwat, is reportedly divided over whether to approve a rescue deal for Thames Water. According to reports from Bloomberg News, the regulator has yet to reach a consensus on a proposal submitted by senior creditors intended to stabilize the country's largest water supplier.

A Thames Water service vehicle is parked at the Mogden Sewage Treatment Works in west London, a facility that handles waste for millions of residents. REUTERS/Toby Melville/File Photo
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