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February 13, 2016 4:34 PM ET

Water Utilities

Company Overview of Thames Water Utilities Ltd.

Company Overview

Thames Water Utilities Ltd. provides water and wastewater services in the United Kingdom. The company offers water supply services, including new or replacement water supply connection, self lay water supply, provision to diver or abandon clean water main, water for building purpose, disconnection of water supply, and network capacity investigation, as well as authorizes licensed commercial customers to remove water from standpipes for building, road cleaning, graffiti removal, or landscaping activities. Its wastewater services include adoption of existing or new sewer, building over a public sewer, connecting to a public sewer, diverting an existing sewer, and requisition of a sewer. The co...

Clearwater Court

Vastern Road

Reading,  RG1 8DB

United Kingdom

Founded in 1989

5,500 Employees

Key Executives for Thames Water Utilities Ltd.

Chief Executive Officer, Executive Director and Member of Tideway Tunnel Committee
Age: 50
Chief Financial Officer, Executive Director and Member of Tideway Tunnel Committee
Age: 62
CVO of External Affairs and Sustainability Director
Managing Director of Wholesale Water
Managing Director of Wholesale Wastewater
Compensation as of Fiscal Year 2015.

Thames Water Utilities Ltd. Key Developments

Thames Water Utilities Limited Announces Opening of Lee Tunnel in London

Thames Water Utilities Limited has announced the opening of the Lee Tunnel, a super sewer, in London. The Lee Tunnel will capture the polluting sewage and keep it out of the river, which will become much cleaner. By increasing capacity in the sewer network the tunnel will carry the excess sewage, which has previously been discharged to the River Lee, to Thames Water's Beckton sewage works in Newham for treatment, with renewable energy being generated from the bi products known as sludge. The Lee Tunnel is the largest single project in England and Wales and is the deepest ever bored under the capital at around 75 meters deep. It is the width of three double decker buses and is the most significant development of London's Victorian sewers since Sir Joseph Bazalgette originally built the network in the 1860s. Alongside major upgrades already completed by Thames Water at its five main sewage works along the tidal River Thames, the Lee Tunnel will transform the quality of the River Thames and River Lee for river users, wildlife and those who live and work in the capital for generations. Construction on the Thames Tideway Tunnel, which will connect to the Lee Tunnel, will start later in 2016. The GBP 678 million Lee Tunnel runs 6.9km from Thames Water's Abbey Mills pumping station and will act as a collection and storage tank before transferring the flows to Beckton sewage works, which Thames Water has expanded by a further 60% to manage the increased volumes.

Thames Water Utilities Limited Announces Earnings Results for the Six Months Ended September 30, 2015

Thames Water Utilities Limited announced earnings results for the six months ended September 30, 2015. For the six months, the company has reported profit was GBP 164.4 million, compared to GBP 171.7 million for the same period ended September 30, 2014. Revenue was GBP 1.02 billion, compared to GBP 1 billion for the same period ended September 30, 2014. Operating profit was GBP 347.2 million, compared to GBP 367 million for the same period ended September 30, 2014.

Thames Water Announces Martin Baggs to Step Down as Chief Executive By End of 2016

Thames Water has announced that Martin Baggs has decided to step down as Chief Executive by the end of 2016. The search for a new Chief Executive will begin early next year.

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