US EditionThames Water fined $165.8M by UK regulator Ofwat
- Thames Water, Britain's largest water supplier serving 16 million people around London, was fined nearly £123 million on Wednesday by regulator Ofwat.
- The fine resulted from Ofwat's investigation into Thames Water releasing sewage into rivers and paying unlawful dividends, marking its biggest-ever penalty.
- Ofwat found Thames Water failed to build and maintain adequate infrastructure, paid excessive dividends, and did not present a suitable environmental redress plan.
- The fine breaks down as £104.5 million for environmental breaches and £18.2 million for dividend rule violations, with the company and investors covering costs, not customers.
- Thames Water faces heavy criticism amid a £20 billion debt, emergency funding, and a planned sale, while asserting environmental responsibility and progress on storm overflow issues.
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Thames Water shortlisted for string of awards before being hit with £122.7m fine - The Mirror
The debt-ridden water firm was this week slapped with the huge penalty by watchdog Ofwat for breaking rules on sewage and dividend payouts - after being shortlisted for 12 industry awards
·London, United Kingdom
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The main distribution company in the country was fined nearly EUR 150 million by the water regulator.
·Paris, France
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Coverage Details
Total News Sources71
Leaning Left10Leaning Right6Center18Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 29%
C 53%
R 18%
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