LONDON, Dec 3: Thames Water is working with the government and regulators to secure a potential rescue after its half-year results highlighted ongoing financial instability. Britain’s largest water company has already drawn down £1.43 billion ($1.89 billion) of a £1.5 billion lifeline and will need access to a second tranche early next year, though this […]
Thames Water
Thames water fined record £123m for sewage pollution and dividend violations
LONDON – Thames Water has been hit with a record-breaking £123 million fine by the UK’s water regulator, Ofwat, after serious failures in handling sewage and breaking dividend rules. The fine includes a £104 million environmental penalty and an additional £18.2 million for distributing dividends despite poor performance. The regulator confirmed that the fine will […]