Thames Water
The question
To ask the Secretary of State for Environment, Food and Rural Affairs, what contingency plans his Department has in place following the collapse of the proposed equity injection into Thames Water by KKR.
Answered by Emma Hardy
The company remains stable, and the Government is closely monitoring the situation. As the company has set out, it will continue to work with its creditors and stakeholders as part of its equity raise to improve its financial position.
The Government is prepared for all eventualities across our regulated industries- including water - as any responsible Government would be, and stands ready to intervene through the use of a Special Administration Regime, should this be required to ensure the continued provision of vital public services.
It would be inappropriate to comment further on the financial matters of a private company.
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