Thames Water breaches licence as part of its debt downgraded to junk
https://www.theguardian.com/business/article/2024/jul/24/thames-water-breaches-licence-part-of-debt-downgraded-to-junk
Posted by F0urLeafCl0ver
Thames Water breaches licence as part of its debt downgraded to junk
https://www.theguardian.com/business/article/2024/jul/24/thames-water-breaches-licence-part-of-debt-downgraded-to-junk
Posted by F0urLeafCl0ver
2 Comments
> The regulator Ofwat could now fine Thames, the country’s largest water monopoly, up to 10% of its annual turnover, equating to hundreds of millions of pounds. However, since the company is already teetering close to temporary renationalisation, Ofwat is likely to hold off on any immediate large fines.
Ah yes, that wouldn’t taken advantage of at all…
Perhaps Ofwat should have been slightly more rigorous in its application of the regulations prior to Thames Water pumping egregious amounts of faeces and sanitary towels into our rivers and the sea?
My particular thanks go to Sarah Bentley, CEO of Thames from 2020-23.
Sarah said “The foundations of the turnaround that we have laid position the company for future success to improve service for customers and environmental performance.”
Top work there Bentley /s