Forget Thames Water: National Grid Has Proved Investors Will Still Back Uk Assets
The infrastructure company easily raised almost £7bn in a rights issue - because it has its balance sheet in order and
The Guardian Renewable Energy 5:32 pm on May 23, 2024
Thames Water's poor performance contrasts with National Grid, suggesting minimal contagion risk for UK infrastructure. The company's special situation is recognized by investors, while Ofwa seeks profitable returns on capital to encourage investment in utilities.
- Contrast between Thames Water and National Grid
- Investor response acknowledges Thames' unique case
- Ofwa promotes profitable returns on investments in utilities
- No widespread negative impact anticipated for UK infrastructure
- Thames Water's financial mismanagement acknowledged by regulators and market participants
https://www.theguardian.com/business/nils-pratley-on-finance/article/2024/may/23/forget-thames-water-national-grid-has-proved-investors-will-still-back-uk-assets