[PRNewswire] Statement from the shareholders of Thames Water
LONDON March 28, 2024 /PRNewswire=연합뉴스/ -- The following statement has been provided on behalf of all of the shareholders of Thames Water:
"Shareholders and Thames Water have been working with the regulator Ofwat for over a year on how to address the complex challenges facing the business. These include both meeting current funding demands and the urgent need for substantial investment to improve performance.
"These discussions led to the submission of a business plan which included the largest ever investment programme by any UK water company - over ￡18 billion - to improve customer service and environmental standards. To support such unprecedented investment, shareholders committed to supporting a further ￡3.25 billion of investment on top of the ￡500 million provided last year, and pledged to take no cash out of the business until a turnaround was delivered. This was a solution which addresses the root cause of Thames Water's challenges without the need for any taxpayer funding.
"However, after more than a year of negotiations with the regulator, Ofwat has not been prepared to provide the necessary regulatory support for a business plan which ultimately addresses the issues that Thames Water faces. As a result, shareholders are not in a position to provide further funding to Thames Water.
"Shareholders will work constructively with Thames Water, Ofwat and Government on how to address the consequences of Ofwat's decision."
Source: The Shareholders of Thames Water
[편집자 주] 이 보도자료는 자료 제공사에서 제공한 것으로, 연합뉴스는 내용에 대해 어떠한 편집도 하지 않았으며, 연합뉴스의 편집방향과는 무관함을 밝혀 드립니다.
(끝)
출처 : PRNewswire 보도자료
LONDON March 28, 2024 /PRNewswire=연합뉴스/ -- The following statement has been provided on behalf of all of the shareholders of Thames Water:
"Shareholders and Thames Water have been working with the regulator Ofwat for over a year on how to address the complex challenges facing the business. These include both meeting current funding demands and the urgent need for substantial investment to improve performance.
"These discussions led to the submission of a business plan which included the largest ever investment programme by any UK water company - over ￡18 billion - to improve customer service and environmental standards. To support such unprecedented investment, shareholders committed to supporting a further ￡3.25 billion of investment on top of the ￡500 million provided last year, and pledged to take no cash out of the business until a turnaround was delivered. This was a solution which addresses the root cause of Thames Water's challenges without the need for any taxpayer funding.
"However, after more than a year of negotiations with the regulator, Ofwat has not been prepared to provide the necessary regulatory support for a business plan which ultimately addresses the issues that Thames Water faces. As a result, shareholders are not in a position to provide further funding to Thames Water.
"Shareholders will work constructively with Thames Water, Ofwat and Government on how to address the consequences of Ofwat's decision."
Source: The Shareholders of Thames Water
[편집자 주] 이 보도자료는 자료 제공사에서 제공한 것으로, 연합뉴스는 내용에 대해 어떠한 편집도 하지 않았으며, 연합뉴스의 편집방향과는 무관함을 밝혀 드립니다.
(끝)
출처 : PRNewswire 보도자료
