Company faces scramble for funds after Ofwat says deficit is for managers and shareholders alone to deal with
Debt-laden Thames Water faces a scramble to find further funds as it fights to avoid a government-handled administration, after plans to charge customers £157m to repair a hole in its pension scheme were rejected.
The water company, which has said it could run out of cash by next June, had asked the regulator for permission to charge customers £156.6m through bills to plug the pension shortfall.
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