Thames Water Says Regulator's Proposed Cuts Make It Uninvestible.

Thames Water, the largest water and sewage-services provider in the UK, has stated that it will struggle to attract the necessary investment to continue operating unless the regulator allows for higher returns and increased customer bill hikes. The company is heavily in debt and needs to secure £3.3 billion in equity before the end of May. However, the regulator, Ofwat, has rejected Thames Water's proposed business plan, which included a 40% bill increase and £22 billion investment, instead only allowing for a £16.8 billion investment and a 23% bill increase. Thames Water is now projecting a 52% bill increase by 2030. [Extracted from the article]