I don't see why this government would bother bailing out pension funds now. Liz Truss did more damage to our pensions in a couple of weeks than any number of companies failing.
I can't see how a company that is obliged to invest in infrastructure and improving the quality of our water, with that amount of debt, can survive.
Is letting the company fail and taking it back into state ownership a viable option? After all the shareholders have been receiving dividends...