A Bill to establish a new model of company structure for Thames Water, to be called a public benefit corporation; to require that public benefit corporation to consider public policy benefits, including reducing leaks and sewage dumping, as well as returns for shareholders; to limit the payment of dividends until a plan is in place to cut the corporation’s debt; and to require membership of the corporation’s board to include representatives of local environment groups.
Thames Water would be created as a public benefit corporation that must balance public policy aims, such as reducing leaks and sewage dumping, with returns for shareholders. The bill also limits dividend payments until a plan to reduce the company’s debt is in place and requires the board to include representatives from local environmental groups.
The bill is at its first reading in the House of Commons and has not yet progressed to committee or further readings.
Generated 21 February 2026
The 2022-2023 session of Parliament has prorogued and this Bill will make no further progress.
No recorded votes for this bill yet.
