Thames Water - comment

As we wrote before, Thames Water was always going to use its funding urgency to push its agenda. As a result, the path for the Bs now appears to be narrowing considerably. Mr. Justice Tower is to hand down his judgement any time now and the sanction hearing on the company’s plan with the As is to take place from Feb 3-6th. He has rescheduled the convening hearing for the B-Plan to only Feb 13th, which would appear too late if it were the court’s favoured solution.