Thames further defers its price appeal decision as creditor talks continue

(by Karma Loveday)

Ofwat and Thames Water have agreed that Thames can further defer its decision on whether to apply to the Competition and Markets Authority for a redetermination of its PR24 settlement.

The latest deadline to appeal expired last week, but ahead of that the parties agreed on an extension of the deferral – this time with no fixed deadline – to enable Thames to continue its ongoing discussions with creditors.

Thames said it remains focused on delivering a recapitalisation transaction which delivers for its customers and the environment as soon as practicable.