Thames Water Hit con più grande multa emessa emessa dal regolatore di WAT
https://news.sky.com/story/thames-water-hit-with-largest-ever-fine-issued-by-regulator-ofwat-13375757
di sjw_7
Thames Water Hit con più grande multa emessa emessa dal regolatore di WAT
https://news.sky.com/story/thames-water-hit-with-largest-ever-fine-issued-by-regulator-ofwat-13375757
di sjw_7
25 commenti
This will only mean one thing – higher bills for users.
Fine them until the owed is the same value as the company, take it back into public ownership and call the age old law of even stevens.
We bail them out, we fine them, they ask for a bailout…
Higher bills for it’s customers then & no doubt the other water companies will then use Thames higher prices to raise them for the rest of us
In other news, Thames Water customers were hit with the largest-ever water bill increase today
What’s the point? Seriously? Thames Water customers will pay this fine, so how does it help them?
Should be directly out of there bonuses that the bail out money paid for
Can’t wait for my “We are changing the prices for you” letter.
Can someone please tell me what the chocolate teapot of a regulator has been doing with Thames Water and all the other unlawful water companies for the last 20 years?
Putting my bill up from £40 to £128 a month when I don’t take baths only showers I don’t water the garden etc. What a joke of a company run my greedy lazy people.
Hopefully they will look to recover dividends that were wrongly paid.
Also when are they going to hold the Execs accountable?
If only the regulator OFWAT did their job sooner and actually regulated, we wouldn’t have got to this point where literal poo has been in our rivers for close to a decade.
Not to say the companies themselves aren’t to blame too but what is the point of OFWAT if we end up in these situations anyway. They’re not even protecting us from large price rises in the next few years.
Yet did they CEO’s not get a ridiculous amount of bonuses.
> Of the total fine, £104.5m – 9% of Thames Water’s turnover – has been levied for breaches of wastewater rules. It’s just below the maximum 10% of turnover Ofwat could have applied.
Another £18.2m penalty will be paid for breaches of dividend payment rules.
Won’t that exacerbate the company’s deteriorating position further?
But won’t Thames Water just put up consumers’ bills to pay for the fine and then the whole infrastructure gets shitter? I can’t see a scenario where their shareholders and executives opt to take less profit out of the system to cover the fine instead of passing it on to customers or spending even less on maintaining their leaky pipes
Who gets the money from the fines and where does it end up.?
Not good enough – hopefully some prison sentences will follow this.
Is it enough to bankrupt them?
If not, it’s too little.
Water is essential for life and in no way should be run for profit. Remove all their licences now.
The fine is around £30milion lower than the dividends they paid out between 2023/2024…
Fine them for years of negligence….
If the government bail this company out it will encourage all the other providers across the country to keep loading debt in the same way. Bankrupt practices must have consequences.
Ofwat spends so much of its time dealing with Thames Water it ought to rename itself Oftwat.
even if it doesnt result in higher bills, i’m skeptical but lets say; then i bet your arse it’ll be “we cannot undertake large capital investments in infrastructure as onerous fines and legislation have made our share and bond issues unattractive to the market” for the next couple of decades.
Public control of essential services is the only way.
I mean it’s good, but they were 19 billion in debt. They are now 19.1 billion in debt. Can someone explain how they are still a viable company? They will never get rid of that debt. It’s over a grand per customer which is about 2 years bills.
Chances this was a calculated risk and they’re fine with the outcome cuz it still meant more profit than doing what they should have done?