Scoop: The Ofwat board is split over whether to approve the Thames Water rescue deal. Some members think the deal proposed by senior creditors doesn’t go far enough on the size of a haircut, penalties and capital injection.

People in Germany and the UK are growing more curious about rooftop solar and electric vehicles as they seek to shield themselves from surging energy prices resulting from the Iran war www.bloomberg.com/news/article...

YOU could have a say in the future of Thames Water. Ofwat will put any deal it reaches with creditors out to public consultation. Still not clear if it will be agreed. Creditors currently asking for a 5 year exemption from penalties on everything from sewage spills to leakage t.co/0JzxjuOFBm

South East Water's CEO Dave Hinton is coming under growing pressure, after the utility's main shareholder criticized the board over a spate of recent outages in the area around Tunbridge Wells. Story with Amy Bainbridge from Bloomberg News www.bloomberg.com/news/article...

Thames Water is in court today seeking permission for a £3bn emergency loan at 9.75% interest rate, to avoid running out of cash. A rival group of creditors say the deal is a trap and want Thames to take their loan offer at 8%. Neither looks like the best deal www.bloomberg.com/news/article...

Thames CEO Chris Weston warns breaking up the utility would be a distraction from dealing with its bigger problems of fixing leaks and sewage spills. Last week it had a bid from Covalis Capital hinging on a plan to raise money by selling off some Thames assets. www.bloomberg.com/news/article...

Infrastructure investor Covalis Capital has submitted a £5 billion bid to take over struggling UK water company Thames Water www.bloomberg.com/news/article...

Investors gave a lukewarm response to Thames Water’s equity raise, with several potential bidders ruling themselves out of the process, and the viability of one offer in doubt. CKI — one of the firms tipped to invest — decided against placing a preliminary bid www.bloomberg.com/news/article...

Scoop: Castle Water will offer to inject £4 billion ($5.1 billion) into Thames Water this week to help save the beleaguered utility from administration. It's backed by The William Pears Group, a financing and real estate company that would provide funding. www.bloomberg.com/news/article...

In the latest sign of Thames Water troubles spreading across the industry, lenders to Southern Water have hired advisers after it was downgraded to junk last month www.bloomberg.com/news/article...

Ed Miliband says he had “a degree of PTSD” in the final hours of #COP29 last week, thinking it was going to be a repeat of Copenhagen. Speaking at @aldersgategroup.bsky.social event last night with Theresa May

Water companies are using a legal loophole to avoid compensating customers for outages, says Ofwat CEO David Black. The standards are currently drafted to allow exemptions for extreme events. "Our worry is companies use these to avoid a responsibility" www.theguardian.com/environment/...

Macquarie won’t be able to repeat the practice of paying hefty dividends from Southern Water in the same way that it did while it ran Thames, says Ofwat CEO David Black www.bloomberg.com/news/article...

Li Ka-shing’s CKI Infrastructure says it's considering investing in the heavily indebted Thames Water. Indicative bids due next Thursday www.bloomberg.com/news/article...

Hello Bluesky people! I cover environment and climate change at Bloomberg News in London. I spend a lot of time writing about Thames Water and sewage. Yuck.