Thames Water bypassing local opposition in attempt to launch water recycling project

Company faced public backlash over scheme, which campaigners say threatens to increase river pollution

Thames Water is bypassing local democracy to attempt to push through a controversial water recycling project that campaigners say threatens to increase pollution in the river.

Steve Barclay, the secretary of state for environment, food and rural affairs, has agreed to an application by the water company to consider its Teddington water recycling scheme under national infrastructure rules. The decision means local authorities will be bypassed, and the secretary of state will make the decision whether to grant a development consent order.

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Thames Water’s owners only have themselves to blame for the write-downs | Nils Pratley

It looks as if USS simply overpaid and underestimated the effort and catch-up investment required

“We continue to view Thames Water as a long-term investment,” said the Universities Superannuation Scheme (USS), the £75bn pension fund for UK academics, as it wrote down the value of its stake in the Thames’ parent by nearly two-thirds, or almost £600m. Top marks for cheerfulness, but it’s a line that recalls the old joke about the definition of a long-term investment: a short-term investment gone wrong.

USS and Canadian pension fund Omers, the other late arrival on Thames’ register in 2017 (they replaced the departing Macquarie and its co-travellers), surely cannot have imagined that the long term would stretch quite so far over the horizon. As USS says, it’s taken no dividends so far, and the current business plan imagines no income for shareholders until 2030 at the earliest. That’s a near-eternity in investment terms for utility assets, which are supposedly prized for their ability to generate steady cash.

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Thames Water appoints Chris Weston as boss with up to £2.3m package

Former British Gas executive tasked with leading turnaround in face of debts and controversy over sewage

Thames Water has appointed a former British Gas executive as its new boss with a pay package of up to £2.3m a year and tasked with leading a crucial turnaround as it faces mounting debts and controversy over dumping sewage in Britain’s waterways.

Chris Weston replaces Sarah Bentley, who resigned with immediate effect in June amid a backlash over the firm’s poor environmental track record. Weston will take up the role on 8 January.

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South East Water paid £2.25m to shareholders despite £18m losses

Cost of debt rises for firm that left thousands of customers without running water in summer

South East Water, which left thousands of customers without running water this summer, has paid out dividends of £2.25m over six months while overseeing increased losses of £18.1m before tax.

The water company, which serves customers in Kent, Sussex, Berkshire and Surrey, made the payout to shareholders despite facing huge rises in the costs of its £1.4bn debt mountain, its half-year report showed on Thursday. In the six months to 30 September, the cost of serving the debt rose by £7.4m to £54.8m, as inflation and higher interest rates bit.

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Thames Water says it is taking ‘radical’ action but turnaround will take time

Company announces plunge in profits after being told by auditors it could run out of money by April

The ailing utilities firm Thames Water has said it is taking “immediate and radical” action to turn around the business, days after it emerged its auditors had warned it could run out of money by April.

The debt-laden water supplier said it was working on a three-year turnaround to overhaul its environmental, operational and financial performance, as profits more than halved to £246m in the six months to 30 September, largely due to changing valuations of its assets.

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Thousands without water after Storm Ciarán disrupts Surrey treatment works

Thames Water has provided bottled water to people in Guildford, Godalming and surrounding areas

Thousands of people have been left without water after Storm Ciarán caused problems at a treatment works in Surrey, Thames Water has said.

A major incident was declared as at least 13,500 homes in Guildford, Godalming and the surrounding areas were left without water or with low pressure by 2.50pm on Sunday, while a further 6,500 were expected to lose supply later in the day.

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UK infrastructure needs much more investment, say government advisers

National Infrastructure Commission says public transport, home heating and water networks all in need of renewal

The UK’s infrastructure needs a big cash injection, with public transport, home heating and water networks all in dire need of renewal, independent government advisers have said.

The investments, of about £30bn a year from the taxpayer and £40bn to £50bn a year from the private sector, would result in savings to the average household of at least £1,000 a year, higher economic productivity, and a better quality of life in the future, the National Infrastructure Commission said.

Substantial investment in public transport for England’s biggest cities must be accompanied by restrictions on car access to alleviate congestion.

Hydrogen must not be used for home heating, despite government enthusiasm for the technology. Hydrogen should be exploited for use in heavy industry.

People on lower incomes should have heat pumps installed free, while the other two-thirds of households should receive subsidies of £7,000 each for their installation. Upgrading homes with high levels of insulation is not needed before installing heat pumps.

Water meters should be compulsory for households and businesses.

No new waste incinerators should be built, and recycling rates need to improve.

The decision to cancel the northern leg of HS2 was “deeply disappointing” and “leaves a major gap in the UK’s rail strategy”. Armitt said it would result in an “overload” of the west coast mainline, or encourage more people and freight on to the roads.

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The £30bn question: will Tories embrace infrastructure report or stick with rhetoric?

Sober assessment of UK failings from body set up by a Conservative chancellor poses ideological problem for government

The cost of upgrading the UK’s infrastructure to make it fit for the future is likely to be £30bn a year of public money, plus about £40bn-50bn a year of private sector investment, the National Infrastructure Commission has said.

That figure of £30bn is strikingly similar to the Labour party’s promised investment of £28bn a year to meet the UK’s net zero targets, shift the economy permanently to a low-carbon footing, and create new green jobs.

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Water firms in England and Wales ordered to cut £114m from bills

Fewer than half of companies meeting their targets on leaks, says the regulator, Ofwat

Water companies in England and Wales have been ordered to return £114m to customers through lower bills next year because progress on leakage and sewage spills has been “too slow”.

In its annual water company performance report, the regulator, Ofwat, said the majority of water and wastewater companies were underperforming on targets set for 2020-25 to deliver better outcomes, for customers and the environment.

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‘When I saw it I was appalled’: row over modern fountain splits Yorkshire town down middle

Militant pensioner says a majority want a traditional feature but project leaders call row an attack on democracy

Ilkley is an affluent, leafy town, one point of Yorkshire’s “Golden Triangle” where average house prices top £560,000. Last year it was named the best place to live in the UK, and its tree-lined streets hark back to the days when it was a spa town where wealthy Victorians took the waters, Charles Darwin among them.

Now the peace and quiet of this favourite municipality of the middle-classes is being rocked by a row between the, often older, traditionalists in the town and a charitable body of volunteers who were hoping to give it just a flick of a modern makeover. The fight centres on the proposed design of a fountain, to be built at the heart of the town at the junction of its two wide shopping avenues.

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Thérèse Coffey ‘complacent’ in dealing with water companies, peers say

Underinvestment in infrastructure will have serious consequences for environment and security of water supplies, committee says

Thérèse Coffey has been “complacent” in dealing with water companies, risking water shortages as well as extreme environmental consequences, a House of Lords committee has said.

In a letter to the environment secretary, the peers criticised her department’s “dismissive brevity and complacent tone” in response to their report published earlier this year, which found water companies had been too focused on maximising financial returns at the expense of the environment.

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‘Wyke whiff’ befouls Dorset village – and angry residents have had enough

People say summer stink has been ‘horrendous’, with blame put on a Wessex Water sewage works

The Dorset village of Wyke Regis has a lot going for it: sunsets across Lyme Bay, views of Chesil Beach’s spectacular pebbly sweep, proximity to great swimming and sailing spots.

But local people are not having a great time of it at the moment because of what has been called the “Wyke whiff”, an unpleasant smell that forces them to keep windows shut tight and ruins the simple pleasure of sitting out in the sunshine.

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Public could receive hundreds of millions as water firms face sewage lawsuit

Class action legal claim on behalf of 20 million householders in England and Wales could top £800m in compensation

The public could receive hundreds of millions of pounds in compensation in the first class action against water companies which are alleged to have failed to reveal the true scale of raw sewage discharges, and abused their position as privatised monopolies.

A collective case against six water companies alleges they have failed to properly report sewage spills and pollution of rivers and seas to the Environment Agency and Ofwat, the regulator for England and Wales. The first of six parallel claims is against Severn Trent Water on behalf of its 8 million customers. Claims against Thames Water, United Utilities, Anglian Water, Yorkshire Water and Northumbrian Water are being brought in the coming months.

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Sinkhole swallows car after water pipe bursts under Coventry street

Seven Trent Water technicians working to repair ‘one of our larger pipes’ after car retrieved

A parked car was partially swallowed by a sinkhole that opened up on a Coventry road in the early hours of Monday morning.

The hole opened underneath the vehicle on Sewall Highway after an underground water pipe burst at about 4am, West Midlands police said. The street was closed for most of the day, a cordon was erected around the affected area and cars and buses were diverted.

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