Thames Water, England's largest water company serving about 16 million customers, has been granted a £3 billion emergency loan to prevent financial collapse. The High Court approved a restructuring plan, avoiding special administration, which would have occurred if the plan was rejected. Thames Water Utilities Holdings Limited (TWUH), the parent company, is in £16 billion of debt and requires £3.3 billion over five years to stay operational. The restructuring plan, supported by major creditors including BlackRock, Abrdn, and M&G, aims to keep the company running until 2026. Critics, including George Monbiot and Charlie Maynard, argue the bailout unfairly burdens customers with higher bills and fails to address corporate accountability. The loan is expected to reduce debt, improve infrastructure, and enhance customer and environmental outcomes. A hearing to address related matters is scheduled.