Thames Water Delays Ofwat Appeal as Creditor Talks Grind On

Thames Water pushed back a decision on whether it’ll appeal a ruling by the regulator on how much it can charge customers and return to investors, as negotiations with creditors over a rescue deal drag on.

The UK’s biggest water and sewage company saidBloomberg Terminal it’ll decide whether to pursue the case at a later date, without being more specific. The deeply indebted utility initially appealed Ofwat’s December ruling, but later delayed its request until Oct. 22 to allow more time for talks with debtholders.