Thames Water's Emergency Plan Approved
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Associated Press News

Associated Press News

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Business & Economics

Judge approves emergency plan to keep Britain’s largest water company afloat

Associated Press News
Summary
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Thames Water was seeking court approval for 3 billion pounds ( $3.8 billion ) in rescue loans to prevent it from being nationalized.

Without the funding, Thames Water would run out of money next month , which could force the government to temporarily take the reins.

Thames Water and the water industry have been the subject of nationwide disgust and outrage over rampant sewage spills.

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