Category : Search result: US utilities


BlackRock's £2.1bn Aletto Power Acquisition Finalised

Investment titan BlackRock secures a landmark $2.6 billion deal to acquire Minnesota Power's parent company, Aletto. This strategic move signals a major shift in energy sector ownership and raises pivotal questions about renewable investment and market co

Thames Water: Creditors propose £20bn rescue package

Major creditors have tabled a radical £20 billion restructuring plan to rescue Thames Water from administration, aiming to secure the future of Britain's largest water company and prevent a national crisis.

Thames Water on the Brink: Ofwat Rejects Bailout

Britain's largest water company, Thames Water, faces potential collapse as regulator Ofwat blocks its rescue plan. With debts soaring to £15.6bn, the government prepares for a temporary nationalisation to avert a crisis for 16 million customers.

Thames Water agrees £75m fine payment plan for sewage offences

Thames Water has struck a crucial deal with regulators to pay a £75m fine for sewage spills and illegal dividends through a multi-year payment plan, averting immediate financial crisis but facing intense scrutiny over its environmental record and financia

Govt plans emergency Thames Water takeover amid debt crisis

Exclusive: Ministers and regulators prepare contingency plan for Thames Water's potential collapse as Britain's largest water supplier struggles under massive debt burden, raising concerns about bills and service delivery.

San Francisco Approves 24/7 Paid Robotaxi Services

In a landmark decision, California regulators have approved the expansion of Cruise and Waymo's autonomous taxi services in San Francisco, allowing 24/7 paid rides and marking a pivotal moment for the self-driving car industry.

Ofwat Faces Backlash Over Water Regulation

Critics question Ofwat's latest rulings as water companies face backlash over rising bills and service failures. Is the regulator doing enough to protect consumers?

US warns over Chinese Thames Water takeover

Senior US politicians warn that Labour's potential sale of Thames Water to a Chinese state-linked company could pose a serious national security threat to the UK.

Thames Water may face temporary nationalisation

The UK government is reportedly considering placing Thames Water under temporary state control as the debt-laden utility giant struggles to secure private investment. Shadow Environment Secretary Steve Reed warns of potential bill hikes for customers.

Labour's AI plans may hike water bills

Experts warn that Labour's ambitious AI data centre plans may lead to skyrocketing water bills, with local suppliers struggling to meet demand.

Public ownership of water: time for change?

Amid rising bills and service failures, the case for bringing England's water industry back into public hands grows stronger. Explore the arguments for and against renationalisation.

Water firms may dodge Labour bonus ban

Water companies in the UK may be circumventing Labour's proposed ban on executive bonuses, sparking outrage among campaigners and politicians.

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