Thames Water - comment

As per its latest plans, TW envisage spending a total of £18.7bn during AMP8, up from £11.3bn in the plan for the current period. The additional expenditure and the right-sizing of the balance sheet are to be paid for with further equity injections of £2.5bn and price increases of 35% over the period. How the plan is supposed to work in detail is not yet known (or decided?), but over the period (by 2030), the company is aiming to return to investment grade ratios and there seems to be a basic accord that rests on price rises and shareholder contributions. We are awaiting some kind of plan.