Thames Water faces fresh threat to survival after pensions regulation breachAndy Burnham has pledged greater public control of utilities (Yui Mok/PA Wire)Thames Water is facing a fresh threat to its survival after breaching pensions regulations, opening up the possibility of a costly probe. The breach comes as another blow to Thames Water as it fights for its survival to stave off nationalisation and keep on top of a near-£20bn debt pile. Read more Burnham risks £4bn bill in Thames Water special administrationA Thames Water spokesperson said: “The Pensions Regulator has been informed that Thames Water and the trustees of the Thames Water Pension Scheme have not yet reached agreement on the scheme’s latest triennial valuation within the statutory timeframe. Thames Water added that it had not been notified of any investigation having been opened by the regulator. The valuation for a separate Thames Water scheme, known as the Thames Water Mirror Image Pension Scheme, was completed by the statutory deadline.