Thames Water
The question
To ask the Secretary of State for Environment, Food and Rural Affairs, whether he has made an assessment of the level of risk of insolvency to Thames Water following the withdrawal of KKR; and whether he has made an estimate of the potential cost to the public purse of this event.
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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