EFRA Committee calls Thames Water in to give evidence, following concerns over its finances

Representatives from Thames Water will return to give evidence before the Environment, Food and Rural Affairs Committee next week, to answer MPs’ questions on Thames Water’s financial arrangements, in light of recent news reports surrounding the firm’s finances. 

The cross-party Committee will seek clarification on evidence submitted by witnesses in a hearing in July, in which MPs were told that the company’s shareholders had provided £500 million of equity. While the joint interim CEOs and the Chair of Thames Water have written to the EFRA Committee Chair on this matter, the Committee is keen to interrogate the full nature of this financing. MPs will also attempt to shed light on the future financial viability of Thames Water. 

The Committee has also invited Ofwat to next week’s session with the aim of investigating the rigour of Ofwat’s regulatory oversight. 

The Committee intends the session to take place on the afternoon of Tuesday 13 December.