Beleaguered utilities business Thames Water Utilities Ltd (TWUL) has submitted an updated business plan – including investment of £19.8bn in its infrastructure and in action to improve its environmental performance.
The proposal – which is subject to approval by Ofwat – includes £1.1bn more expenditure than Thames Water’s earlier PR24 business plan submitted in October.
Since its submission last October, TWUL has discussed the content of its PR24 business plan extensively with its regulators and key stakeholders. The £1.1bn increase in AMP8 total expenditure will be directed to