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HomeRenewablesOfwatThames Water reportedly faces £40m fine over dividend payment

Thames Water reportedly faces £40m fine over dividend payment

Thames Water reportedly faces the possibility of a £40 million fine for paying shareholder dividends despite performance issues.

According to Sky News, Ofwat, the water regulator, informed the company of the fine last month, adding to its challenges amidst recent issues, including a ‘do not drink’ warning in Surrey due to hydrocarbon contamination.

The company and Ofwat have chosen not to comment on the matter when contacted by Energy Live News.

Energy Live News
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This article first appeared on Energy Live News, an award winning news service. Their mission is to give you balanced news, analysis, commentary of energy from their dedicated team of quality journalists and production staff.
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