Topic
ofwat
5 stories related to this topic, newest first.
The Independentbusiness6 hrs ago
South East Water to Pay £30.5 Million and Accept Independent Monitor After Supply Failures
Ofwat concluded three investigations into repeated water supply interruptions by South East Water. The company will pay a total of £30.5 million funded by shareholders.
insurancejournal.combusiness6 days ago
Severn Trent Water Breached Wastewater Duties but Avoided Fine After £98m Investment
Ofwat found serious breaches of sewer management obligations yet accepted undertakings instead of a fine because the company had already begun fixes. The utility reported a 41 percent drop in storm overflow spills after spending shareholder funds on infrastructure upgrades.
news.sky.comworld28 days agoUpdated
UK Government Objects to Thames Water Lenders’ £10bn Rescue Plan
Environment Secretary Emma Reynolds wrote to Ofwat on Monday raising concerns over the lenders' rescue package. A government spokesman said the offer does not do enough to protect consumers or the environment.
The Timesbusiness64 days ago
South East Water Chief Executive Resigns After Supply Failures
South East Water faced multiple water supply outages in southeast England that affected more than 280,000 residents between 2020 and 2023. The company was fined £22.5 million by the regulator Ofwat and its chief executive resigned last Friday after parliamentary scrutiny. The com…
news.sky.combusiness90 days ago
Thames Water Faces Lenders' Debt Write-Off Proposal and Rival Bid from CKI Amid Cash Crisis
A group of Thames Water's lenders has proposed writing off 30% of the company's debt and injecting billions in new money in exchange for leniency on future pollution fines. Hong Kong-based CKI Holdings Limited seeks to submit a rival bid for the utility serving 16 million UK cust…