Will Rising Debt Cause Thames Water to Sink Under a Labour Government?
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Regarding the likely response of the regulator Ofwat to Thames Water’s five-year plan, which investors expect to be harsh, Colm Gibson said: “Analysts and investors should be wary of reading too much into Ofwat’s draft determinations, as there is scope for Ofwat’s position to move materially before final determinations are revealed in December.”
He added: “Water companies have proposed large increases in their investment programmes just as they will face increased competition for staff and supply chain resources from the energy industry’s net zero programme, and a new government keen to invest in schools, hospitals, transport and other national … infrastructure. It will be interesting to see how this is taken into account in prices.”
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