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Ofwat accuses Thames Water of 'catalogue of failures'
Video Credit: ODN
Published on August 6, 2024 - Duration: 02:48s
Ofwat accuses Thames Water of 'catalogue of failures'
The chief executive of Ofwat has accused Thames Water of a "catalogue of failures" over sewage spills.
The regulator has proposed fining Thames Water, Yorkshire Water and Northumbrian Water a total of 168 million pounds after conducting an investigation.
David Black adds Ofwat is talking to the government about giving them additional powers to block chief executive bonuses "where companies fail to comply with the law".
Report by Brooksl.
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Thames Water
UK water company
The chief executive of Thames Water has insisted he can rescue the debt-laden utility, which faces running out of cash in months if it cannot raise fresh equity.
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Yorkshire Water
Water supply and treatment utility company in England
Northumbrian Water
Water company in the United Kingdom
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