In an investor update published last September, Ms Bentley said that"the difficult external environment has increased the challenge of our turnaround".
The additional shareholder funding formed part of a £2bn expenditure increase, taking its total spending during the current five-year regulatory period to £11.6bn. "Whilst this is not a legal commitment to fund…the [Thames Water] board believes it is reasonable to incorporate this additional £1bn of equity funding in its assessment."Thames Water is not the only major water company to face questions about its financial resilience and operational track record.
The financial collapse of Britain's biggest water company, and its implications for the model of water ownership, would inevitably become a major political debating point in the run-up to the next general election.
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