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Jess Shankleman

@jessshankleman.bsky.social
528 followers 211 following 24 posts

Bloomberg journalist covering climate change, Thames Water, sewage, environment. Views mine.

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Jess Shankleman @jessshankleman.bsky.social · 02/10/2026
NEW: The UK is considering cuts to its £15bn Warm Homes Plan, just months after it was launched to upgrade millions of homes. CCS and hydrogen are also under scrutiny. With @oliviarudgard.bsky.social www.bloomberg.com/news/article...
bloomberg.com
UK Considers Cuts to Home Energy-Efficiency Plan to Fund Defense
The UK is considering cuts to its flagship program to upgrade millions of homes, as it seeks more than £2 billion ($2.6 billion) in energy-department savings to help fund higher defense spending.
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Jess Shankleman @jessshankleman.bsky.social · 27/08/2026
New: The UK government is considering expanding the Warm Home Discount this winter. The bigger problem is that officials are still struggling to identify some of the households most in need of help, particularly anyone not on benefits shorturl.at/3IlsK
shorturl.at
UK Weighs Expanding Energy-Bill Discount to More Households
The UK government may extend energy bill support to more of the neediest households, as rising gas prices undermine Prime Minister Andy Burnham’s attempts to bear down on the cost of living.
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Jess Shankleman @jessshankleman.bsky.social · 13/08/2026
Southern and Thames Water customers face yet another bill rise. Ofwat provisionally approved £3.4bn of extra spending, with Southern customers facing by far the biggest impact. That’s on top of increases already granted at PR24 and after its CMA appeal. www.bloomberg.com/news/article...
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Jess Shankleman @jessshankleman.bsky.social · 16/07/2026
Within days of taking office next week, Andy Burnham is preparing to announce new drilling for oil and gas in the North Sea as well as taking public control of Thames Water. Scoop with Alex Wickham and Chloe Chaplain Read more for free on @bloomberg.com here www.bloomberg.com/news/article...
bloomberg.com
Burnham to Back North Sea Oil and Take Control of Thames Water
Within days of taking office incoming prime minister Andy Burnham is preparing to announce new drilling for oil and gas in the North Sea as well as taking public control of Thames Water.
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Jess Shankleman @jessshankleman.bsky.social · 15/04/2026
Scoop: The Ofwat board is split over whether to approve the Thames Water rescue deal. Some members think the deal proposed by senior creditors doesn’t go far enough on the size of a haircut, penalties and capital injection.
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Jess Shankleman @jessshankleman.bsky.social · 18/03/2026
People in Germany and the UK are growing more curious about rooftop solar and electric vehicles as they seek to shield themselves from surging energy prices resulting from the Iran war www.bloomberg.com/news/article...
bloomberg.com
European Consumers Seek Out Solar, EVs as Energy Prices Surge
Companies in the UK and Germany say they have received more inquiries for green technologies since the Iran war started.
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Jess Shankleman @jessshankleman.bsky.social · 17/03/2026
YOU could have a say in the future of Thames Water. Ofwat will put any deal it reaches with creditors out to public consultation. Still not clear if it will be agreed. Creditors currently asking for a 5 year exemption from penalties on everything from sewage spills to leakage t.co/0JzxjuOFBm
t.co
https://www.bloomberg.com/news/articles/2026-03-17/thames-water-rescue-deal-hangs-on-public-nod-and-penalty-waivers?srnd=undefined
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Jess Shankleman @jessshankleman.bsky.social · 04/02/2026
South East Water's CEO Dave Hinton is coming under growing pressure, after the utility's main shareholder criticized the board over a spate of recent outages in the area around Tunbridge Wells. Story with Amy Bainbridge from Bloomberg News www.bloomberg.com/news/article...
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Jess Shankleman @jessshankleman.bsky.social · 17/12/2024
Thames Water is in court today seeking permission for a £3bn emergency loan at 9.75% interest rate, to avoid running out of cash. A rival group of creditors say the deal is a trap and want Thames to take their loan offer at 8%. Neither looks like the best deal www.bloomberg.com/news/article...
bloomberg.com
Thames Water Set For Pivotal Hearing on £3 Billion Rescue Loan
A £3 billion ($3.8 billion) planned rescue loan to Thames Water would hold the company “to ransom” and hand control to senior creditors, lawyers representing rival lenders told a London judge on Tuesd...
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Jess Shankleman @jessshankleman.bsky.social · 10/12/2024
Thames CEO Chris Weston warns breaking up the utility would be a distraction from dealing with its bigger problems of fixing leaks and sewage spills. Last week it had a bid from Covalis Capital hinging on a plan to raise money by selling off some Thames assets. www.bloomberg.com/news/article...
bloomberg.com
Thames Water’s Debt Pile Grows as It Warns Cash Is Running Out
The chief executive of Thames Water warned breaking up the utility would be a distraction from dealing with its bigger problems of fixing chronic leaks and sewage spills.
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Jess Shankleman @jessshankleman.bsky.social · 05/12/2024
Infrastructure investor Covalis Capital has submitted a £5 billion bid to take over struggling UK water company Thames Water www.bloomberg.com/news/article...
bloomberg.com
Covalis Capital Puts Up £5 Billion Takeover Bid for Thames Water
Infrastructure investor Covalis Capital has submitted a £5 billion ($6.4 billion) bid to take over struggling UK water company Thames Water, according to a person familiar with the matter, as the bele...
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Jess Shankleman @jessshankleman.bsky.social · 05/12/2024
Investors gave a lukewarm response to Thames Water’s equity raise, with several potential bidders ruling themselves out of the process, and the viability of one offer in doubt. CKI — one of the firms tipped to invest — decided against placing a preliminary bid www.bloomberg.com/news/article...
bloomberg.com
Thames Water’s Equity Raise Gets Muted Response From Investors
Investors gave a lukewarm response to Thames Water’s equity raise, with several potential bidders ruling themselves out of the process, and the viability of one offer in doubt.
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Jess Shankleman @jessshankleman.bsky.social · 02/12/2024
Scoop: Castle Water will offer to inject £4 billion ($5.1 billion) into Thames Water this week to help save the beleaguered utility from administration. It's backed by The William Pears Group, a financing and real estate company that would provide funding. www.bloomberg.com/news/article...
bloomberg.com
Castle Water to Offer £4 Billion Equity to Rescue Thames Water
Castle Water Ltd. will offer to inject £4 billion ($5.1 billion) into Thames Water this week to help save the beleaguered utility from administration, according to a person familiar with the matter.
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Jess Shankleman @jessshankleman.bsky.social · 01/12/2024
In the latest sign of Thames Water troubles spreading across the industry, lenders to Southern Water have hired advisers after it was downgraded to junk last month www.bloomberg.com/news/article...
bloomberg.com
Southern Water Lenders Tap Advisers to Help Stabilize Utility
A group of lenders to Southern Water Ltd. has brought advisers on board to help them assess options to stabilize the situation at the UK utility, according to people with knowledge of the matter.
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Jess Shankleman @jessshankleman.bsky.social · 28/11/2024
Ed Miliband says he had “a degree of PTSD” in the final hours of #COP29 last week, thinking it was going to be a repeat of Copenhagen. Speaking at @aldersgategroup.bsky.social event last night with Theresa May
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Jess Shankleman @jessshankleman.bsky.social · 26/11/2024
Water companies are using a legal loophole to avoid compensating customers for outages, says Ofwat CEO David Black. The standards are currently drafted to allow exemptions for extreme events. "Our worry is companies use these to avoid a responsibility" www.theguardian.com/environment/...
theguardian.com
Water companies in England ‘using loopholes’ to avoid paying for outages
Ofwat CEO says rules must be changed so that customers left without water get compensation automatically
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Jess Shankleman @jessshankleman.bsky.social · 26/11/2024
Macquarie won’t be able to repeat the practice of paying hefty dividends from Southern Water in the same way that it did while it ran Thames, says Ofwat CEO David Black www.bloomberg.com/news/article...
bloomberg.com
Macquarie Won’t Be Able to Run Southern Water Like Thames: Ofwat
Macquarie Group won’t be able to repeat the practice of paying hefty dividends from Southern Water Ltd. in the same way that it did while it ran Thames Water, the UK regulator’s boss said on Tuesday.
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Jess Shankleman @jessshankleman.bsky.social · 26/11/2024
Li Ka-shing’s CKI Infrastructure says it's considering investing in the heavily indebted Thames Water. Indicative bids due next Thursday www.bloomberg.com/news/article...
bloomberg.com
CK Infra ‘Studying All Opportunities’ Amid Thames Water Talk
CK Infrastructure Holdings Ltd. said it’s studying all opportunities that are beneficial to the company and its shareholders, in a response to recent news reports about its interest in investing in Th...
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Jess Shankleman @jessshankleman.bsky.social · 26/11/2024
Hello Bluesky people! I cover environment and climate change at Bloomberg News in London. I spend a lot of time writing about Thames Water and sewage. Yuck.
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