The joint chief executive of Thames Water has refused to apologise for allowing water companies to increase their debt during her time as chief of Ofwat, the water regulator.
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Cathryn Ross’s comments came during a parliamentary committee session with Thames Water bosses as concerns mount over the financial viability of the company. Thames Water has secured £750m of emergency funding from its shareholders but the debt-ridden company warned it would need further funding in the years ahead.
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