Source · Select Committees · Environment, Food and Rural Affairs Committee
Recommendation 6
6
Thames Water is at the end of the road.
Conclusion
Thames Water is at the end of the road. The company’s performance and the behaviour of its creditors are unacceptable. Their investment strategies are based on extracting value through debt rather than ensuring long-term success. Any forbearance on their duties to customers or the environment would set a dangerous precedent for rewarding failure: if this must feature in any ownership bid under current circumstances, then the circumstances must change. (Conclusion, Paragraph 28) 21