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David Black

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Gender Male
Age 44
Date of birth October 17,1980
Zodiac sign Libra
Born Baltimore
Maryland
United States
Known for Photography
Job Photographer
Film director
Movies/Shows The Confession
The Cosby Mysteries
Nasty Boys
Official site davidblackwriter.com
Spouse Barbara Weisberg
Children Tobia Samuel McKee Black
Nominations Primetime Emmy Award for Outstanding Drama Series
Date of Reg.
Date of Upd.
ID525956

The plague years
The King of Fifth Avenue
Murder at the Met
Like father
An Impossible Life
Fast Shuffle: A Novel
The Extinction Event
Ekstasy: Out-of-the-body Experiences
Medicine Man: A Young Doctor on the Brink of the Twenty-first Century
Minds
Peep show
Miracle
Impossible Life: A False Family History
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David Black Life story


David Black is an award-winning journalist, novelist, screenwriter, and producer. His novel Like Father was named a notable book of the year by the New York Times and listed as one of the seven best novels of the year by the Washington Post.

Thames Water needs 'substantial' sums of money

Oct 3,2022 7:10 am

By Faarea MasudBusiness reporter

The UK's largest water company Thames Water will need " substantial sums of money" to stabilise its finances, the water regulator has said.

Ofwat boss David Black said talks between The Firm and investors to raise The Extra funding were continuing.

The water firm, which serves a quarter of the UK population, is billions in debt and is Under Pressure to fix its finances after fears it could collapse.

There have been calls to nationalise The Firm

" We need to see their revised business plan but we think it's substantial sums of money [that are needed], " Mr Black said, while being quizzed at a Lord's business committee.

Mr Black said problems were most acute at Thames Water , and that he did not see the same level of issue at other companies.

The hearing came hours after it was announced that for discharging millions of litres of undiluted sewage into Two Rivers in Sussex and Surrey, killing More Than 1,400 fish in 2017.

Thames Water has faced heavy criticism over sewage discharges and leaks. The Company leaks more water than any other water company in the UK, losing the equivalent of up to 250 Olympic-sized swimming pools Every Day from its pipes.

Amid fears that the water firm would collapse, the government said last week and that a process was in place " if necessary".

A few days later, one of the UK's largest private pension funds, Universities Superannuation Scheme (USS), became The First major investor to Turn Around its finances and performance.

But Mr Black said there may not be an appetite from current investors to put further money into water companies.

He Said that the industry had built up too much debt from around 2006.

" I think we should have stepped in at that point to stop companies gearing up, " He Said , implying that water firms were taking on too much debt relative to equity, or available funds.

" We've changed companies' licences, we have got the powers to stop that Happening Now .

" At The Time , we really didn't have The Power to stop that happening, " Mr Black said, adding that now Ofwat was " very much of the view" that companies need to reduce their debt to reasonable levels.

If The Firm cannot secure investment, it could be placed under government administration until a new buyer is found.

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Source of news: bbc.com

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