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

5 December 2023

The Interim Co-Chief Executive Officers of 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.

Witnesses

Tuesday 12 December, Committee Room 6, Palace of Westminster

At 2.30pm

  • Alastair Cochran, Interim Co-CEO at Thames Water
  • Cathryn Ross, Interim Co-CEO at Thames Water
  • Sir Adrian Montague CBE, Chair of Thames Water

At 3.30pm

  • David Black, CEO at Ofwat
  • Iain Coucher, Chair of Ofwat

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.

In next week’s session the Committee will also question Ofwat’s CEO, David Black, and the regulator’s Chair, Iain Coucher.

Further information

Image credit: Tyler Allicock/UK Parliament