After Ofwat imposes total fine of £123m, environment secretary says ‘era of profiting from failure is over’
Thames Water has been hit with a record £104m fine over environmental breaches involving sewage spills, after failing to operate and manage its treatment works and wastewater networks effectively.
The water regulator for England and Wales, Ofwat, confirmed on Wednesday that – on top of penalties for breaches related to dividend payouts – it was issuing the beleaguered water company with £123m worth of fines that would be “paid by the company and its investors, and not by customers”.
