British parliamentarians

Britain’s embattled Thames Water far from insolvency, no nationalization talks held, co-CEO says

Britain’s embattled Thames Water far from insolvency, no nationalization talks held, co-CEO says

Executives of embattled British utility Thames Water, which is partly owned by two of Canada’s biggest pension funds, have insisted that calls for its nationalization are premature and have been highly exaggerated. In an appearance before a committee of British parliamentarians Wednesday, company co-CEO Cathryn Ross said the utility wasn’t close to meeting the conditions required for the government to take over the business under a process known as special administration.