Heathrow Closure

The latest news https://www.bbc.co.uk/news/articles/cly22eelnxjo suggests that National Grid knew there was a problem with water getting into the substation electrics back in 2018, but somehow never got round to doing anything about it.  They were going to fix it in 2022, but didn't.

This is what happens when major national infrastructure is run by for-profit companies.  Shareholder dividends come before maintenance.

Simon Barker said:

This is what happens when major national infrastructure is run by for-profit companies.  Shareholder dividends come before maintenance.

The same could probably be said about the power outage that happened in Spain recently.  Takes Thames water as an example on the verge of bankruptcy and Thames Water paid out £18 million in bonuses to 21 senior managers, with the first payment of 50% of their base salary being made on April 30, 2025

Regulators need to crack the whip and maybe even consider fines to the directors not the company for bad performance

Simon Barker said:

This is what happens when major national infrastructure is run by for-profit companies.  Shareholder dividends come before maintenance.

The same could probably be said about the power outage that happened in Spain recently.  Takes Thames water as an example on the verge of bankruptcy and Thames Water paid out £18 million in bonuses to 21 senior managers, with the first payment of 50% of their base salary being made on April 30, 2025

Regulators need to crack the whip and maybe even consider fines to the directors not the company for bad performance