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Thames Water Approaches Regulatory Deal to Avoid Ofwat Fines Until 2030
Thames Water is reportedly nearing an agreement with Ofwat that could prevent new fines until 2030, as creditors seek to stabilize the firm and avoid temporary renationalization.
Editorial Staff
1 min read
Thames Water is in discussions with its regulator, Ofwat, to finalize a deal that may exempt the company from incurring new fines until 2030.
This potential agreement comes as creditors aim to support the struggling utility firm, which faces significant operational challenges.
The deal is seen as a critical step to maintain Thames Water's operational continuity and stave off the risk of temporary renationalization.