Water Companies: Nationalisation

(asked on 20th May 2024) - View Source

Question to the Department for Environment, Food and Rural Affairs:

To ask His Majesty's Government what plans they have made for the nationalisation of water companies.


Answered by
 Portrait
Lord Douglas-Miller
This question was answered on 23rd May 2024

Water companies are commercial entities. However, as you would expect, the Government prepares for a range of scenarios across its regulated industries – including water – as any government would.

The Defra Secretary of State and Ofwat (with consent of the Secretary of State) have the power to request the court to place a company in Special Administration Regime so that its business can either be rescued or transferred as a going concern to new owners.

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