Jun 14, 2017
Thames Water fined £8.5m for ‘unacceptable failure’ on leakage
Thames Water has been hit with the maximum £8.55m fine for missing targets on water leakage and faces an investigation by regulator Ofwat for "Unacceptable failure" on the matter just months after the water company was penalised for pouring 1.4bn litres of raw sewage into London's main river. Ofwat said on Wednesday that it had opened an investigation into whether further action was needed against Thames Water, which provides water and sewage services to around a quarter of the population of England and Wales. In March Thames Water received a record penalty for pouring 1.4bn litres of raw sewage - the equivalent of 1,700 Olympic-sized swimming pools - into the river Thames between 2012 and 2014 in a move seen as "Borderline deliberate" by the judge who handed down the £20m fine. Steve Robertson, who took over as chief executive of Thames Water last September following the departure of his predecessor Martin Baggs, said the company was planning to invest £150m a year between now and 2020 replacing trunk mains and reducing leakage on top of the existing £1bn per annum it has invested over the past 12 years. At £374 a year, customers paid the third lowest average combined water and wastewater bill in England and Wales, Thames Water said.
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