I'm kinda with Ofwat on this one 
. They're trying to keep Thames Water in check so it doesn't get too big for its britches. £4bn debt write-down is a pretty generous offer, imo 
. If creditors are pushing for more, that's just common sense - the company needs to make some tough decisions and tighten its belt 
.I'm not sure why Thames Water can't just be upfront about what they're going to do with all that £20bn worth of expenditure
. Are they trying to pull a fast one on us? It seems like they're more interested in lining their own pockets than making the water supply better for customers 
.And as for special admin, I don't think so... yet
. Ofwat needs to keep pushing for stricter conditions, but Nils Pratley's right - it should be aiming high 
. The future of Thames Water is a mess, and someone needs to clean up the act 
.