Ofwat Considers Waiving Thames Water Fines Until 2030
Ofwat is reportedly poised to waive fines for Thames Water until 2030 as part of a potential deal, with the deadline for approving creditors' emergency offer for the utility company fast approaching in October.
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Ofwat poised to waive Thames Water fines to 2030 under deal
Clock is ticking on approving creditors’ emergency offer for utility as October deadline looms
Read full article →Thames Water ‘close to deal that would spare it Ofwat fines until 2030’
Offer reportedly put forward by creditors hoping to save struggling firm from being renationalised temporarily Thames Water is said to be close to a deal with its regulator that would allow the company to avoid new fines for four years, as long as it commits to investing in the business. The controversial offer, reported by the Financial Times, has been put forward by creditors who are hoping to save the struggling utility from being temporarily renationalised. Continue reading...
By Kalyeena Makortoff
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