Thames Water Hit With Record £122.7 Million Fine

Water watchdog Ofwat has slapped Thames Water with a whopping £122.7 million fine after two investigations into wastewater and dividend payments. The largest fine the regulator has ever issued…

The water giant and its investors will pay £104.5 million for breaches of rules relating to its wastewater operations, after Ofwat said it “failed to protect the environment” and £18.2 million for breaking rules related to dividend payments.[…] Read the rest