Thames Water: Insolvency
The question
To ask the Secretary of State for Environment, Food and Rural Affairs, what contingency plans her Department has made help ensure suppliers are protected in the event that Thames Water enter Special Administration Regime.
Answered by Emma Hardy
The Government will always act in the national interest. While the company is stable, we stand ready for all eventualities – including being ready to apply for a Special Administration Regime if necessary.
In the event of a Special Administration Regime, the Special Administrator must ensure that a water company’s statutory functions continue to be provided – continuing the provision of water and wastewater services. We would also expect the Special Administrator to prepare key communications - including to their suppliers should a SAR be required.
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