Institutional investors say Ofwat inaction is preventing them from providing further funding to the beleaguered utility.
That’s nearly five times its valuation in 2012, when Ontario Teachers’ sold its 79.53% stake for almost $1.3 billion.
Hill was most recently managing director and head of the sustainable energies group at Canada’s largest pension fund.
The cash flow is solid, except for occasional problems like pandemic-reduced traffic volumes.
These vital physical assets are a steady-returning opportunity that American pension programs under-utilize, fans say.