A group of 30 Labor and Green Party wrote to Offat to demand this Times water It is taken in special measures.
In an open message to David Black, CEO of the regulator, deputies expressed their concerns about an expensive public rescue and demanded the Times water It was placed in the SAR and restructuring system under general supervision.
Last month, the Times Water was Approval granted To obtain a 3 billion pounds of cash loan, the besieged company said it is very important to ensure that it gets enough money to avoid temporary nationalization.
The deputies ’letter argues that any loan that mobilizes customers at additional costs, and the interest rate is 10 % on a loan of 3 billion pounds.[force] Families with an additional 250 pounds for five years to cover 800 million pounds in interest payments. Currently, 28 % of the Times water consumers bills Service debtThat is It is expected to increase 31 % this year.
“The Times of Water roaming on the regular issues suffering from the private water sector. Approval of the hedging fund is to enhance a broken system where the reward for mismanagement and the interests of shareholders are rewarded at the expense of customers and the environment . Special administration provides an opportunity to fix the industry by bringing the Times water to the public ownership and ensuring the audience’s voice in managing this basic resource.
This letter, signed by the Labor Party deputies, including Paula Parker, Julia Bacqueli, Don Bater, Kim Johnson, Andy McDonald and Rashil Maskel, the Times debts of 15.2 billion pounds “for years of financial mismanagement, extracting excessive profits distribution. And chronic progress. “
The government of the Labor Party confirmed that the Times water will not be placed in SAR while it is still a viable company. She says she calls “root and branch repair” for the water industry and its organizers, though this The nationalization is far from the table. Louis and other deputies They argued Public ownership of water companies must be considered.
The message concluded: “The financial instability in the Times and the neglect of the operational indicates its inability to reform without interference. With a comprehensive restructuring, a national precedent to clean the water industry, and to restore the confidence of the public in organizational control.
“Our plan is the only implementation solution to put the work in full -wheel -hand. Her approval will not affect customer bills, but it will open billions of pounds to invest in our network, install pipes, and update water treatment work Sanitation, high -quality drinking water.
After promoting the newsletter
OFTAT said: “The comprehensive financial and operational shift in the Times is necessary. We already support this through our company’s transformation system and set independent monitoring. We will not refrain from taking the necessary steps if the relevant conditions are met. “
