Thames Water has been fined £122.7 million following two investigations which found breaches of rules in its wastewater operations and relating to dividend payments, in the largest penalty Ofwat has ever issued, the regulator said.
Ofwat said Thames Water would pay £104.5 million for wastewater breaches – the largest fine imposed by the watchdog – and a further £18.2 million for breaking rules relating to dividend payments.
It said the fines would be paid “by the company and its investors and not by customers”.
The fines follow what Ofwat called its biggest and most complex investigation of wastewater operation, management and maintenance of sewage treatment works and sewerage networks across the sector.
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