Thames Water faces investigation over failing environmental promises
LONDON (Reuters) -British water regulator Ofwat said it would investigate Thames Water over delays to hundreds of environmental improvements to determine whether the struggling utility had breached its obligations which could result in fines.
Thames Water admits delays to environmental works
Thames Water is under investigation by Ofwat after the company admitted it will not complete more than 100 environmental schemes funded by customers. The regulator will look into whether delays to the plans mean England's largest water firm has breached its licence.
Thames Water failed to deliver more than 100 environmental protection projects says regulator
Embattled Thames Water was hit by a fresh blow today after it was told by its regulator it faces the threat of multi-million pound fines after it had failed to complete more than 100 environmental protection projects. 2 Big Tech companies had a major flaw in their earnings reports. Will Amazon follow suit — or gain the competitive edge?
Thames Water Under Fresh Investigation by UK Water Regulator
Thames Water is under investigation by water regulator Ofwat over whether the delayed delivery of environmental protection schemes means the company has breached its obligations.
Thames Water faces investigation over late delivery of environmental schemes
Ofwat said Thames Water had reported that it was unlikely to complete more than 100 projects it had committed to by an end of March deadline.
Thames Water probed by Oftwat over delays to environmental work
Thames Water is currently the only firm regulated by Ofwat to face a probe into its environmental protection programmes. Ofwat said tthe opening of a case did not imply that the company had breached its obligations and it would publish its findings after completing an investigation.
Thames Water hit with fresh blow as company faces investigation
Laden with debt, Thames Water is currently seeking approval from the court for a restructuring deal with existing creditors that would provide £1.5bn in immediate financing, potentially rising to £3bn, to stave off collapse by the end of March.
Thames Water investigated over failure to finish 100 environmental schemes on time
Ofwat said it had opened an enforcement case into embattled utility firm Thames Water to determine whether it had breached its obligations.
Thames Water investigated over delayed environmental schemes
Thames Water is to be investigated by the UK regulator over delays to more than 100 environmental improvement schemes that were due to be delivered by March this year, piling pressure on the indebted company as it struggles to fend off renationalisation.
U.K. Water Watchdog Probes Thames Water for Delays on Environmental Improvements
Thames Water committed to deliver 812 schemes as part of the Water Industry National Environmental during the period 2020 to 2025. However, the company alerted the regulator and the Environment Agency that it will be unlikely to deliver more than 100 of these environmental improvement schemes on time, by 31 March 2025.
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