Is it right that at a time when Thames Water is failing to provide “key environmental and performance targets” that it still pay out dividends to it’s shareholders, such as Kemble Water Holdings?
This is the question that Barry posed to Thames Water bosses on the 12th of December 2023. This panel featured Alastair Cochran, Interim Chief Executive Officer, Cathryn Ross, Interim Chief Executive Officer and Sir Adrian Montague, Chair.
If Kembell Water faces some financial difficulty, “it would be Thames Water and the bill payers that ended up paying for whatever trouble the holding company go itself into”, in exactly the same way that Macquarie (a former shareholder) did and exactly in the way that Sir Montague claimed was “ancient history” earlier this year.
This session was covered extensively across the media in the BBC, the Telegraph, CityAM, the FT and more. You can read the write up inthe BBC here.