Thames Water Takes Business Plan Dispute to Markets Watchdog
This article is for subscribers only.
Thames Water will appeal to the UK’s Competition and Markets Authority to examine a recent decision by the industry regulator on how much it’s allowed to charge customers and return to investors.
The so-called final determination governs what Britain’s largest water and sewage company will be able to spend on its crumbling infrastructure over the next five years. The heavily indebted utility said Friday the watchdog’s decision — allowing bill hikes of 35% — “does not appropriately support the investment and improvement” required.