Campaigners to use Thames Water high court case to push for temporary nationalisation
by Sandra Laville and agencies from World news | The Guardian on (#6V0NG)
Judge to rule on utility's plea for 3bn debt lifeline as MPs and charities say emergency loan too costly for customers
A group of MPs and charities will argue that Thames Water should be put into a government-handled administration at a court hearing to decide whether to approve 3bn in emergency funding.
A high court judge will hear from Britain's biggest water supplier and groups of rival creditors on Monday before deciding whether to approve the rescue, which would stave off a temporary nationalisation through a special administration. Without the debt lifeline, Thames Water has said it could run out of cash by March.
Continue reading...