US EditionThames Water fined $165.8M by UK regulator Ofwat
- Thames Water, the largest water provider in the UK, was fined nearly £123 million in London on Wednesday for discharging untreated sewage into waterways.
- The fine followed Ofwat's investigation that found Thames Water failed to maintain infrastructure and unlawfully paid dividends, causing environmental harm.
- The company serves 16 million people around London, faces about £19 billion in debt, and recently secured £3 billion emergency funding to avoid government administration.
- Ofwat imposed a £104.5 million penalty for environmental breaches and £18.2 million for dividend rule violations, marking its largest-ever water industry sanction.
- The fines will be paid by Thames Water and its investors but not customers, while the company claims responsibility and regulators note ongoing progress on storm overflow issues.
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Total News Sources66
Leaning Left9Leaning Right6Center16Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 29%
C 52%
R 19%
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