The British government is drawing up contingency plans to bring privately-owned Thames Water, the country’s biggest water company, into temporary state ownership in case it collapses under its debt pile, Sky News reported. Worries over Thames Water’s 14 billion pounds ($17.8 billion) of debt have prompted talks between ministers and Ofwat, the UK’s water regulator, about the possibility of placing Thames Water into a "special administration regime", Sky said on Wednesday.
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