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Thames Water Company must pay £18.2m for dividend breach
The Guardian
|December 20, 2024
Thames Water will have to pay an £18.2m penalty after the industry regulator confirmed the company had breached dividend rules.
The Guardian revealed on Wednesday that Thames would be penalised over two dividend payments, made in 2023 and 2024, and would be allowed to increase bills by just over a third. Ofwat, the industry watchdog, confirmed the penalty and bills rise yesterday.
It is the first time the regulator has used its new powers to take action against companies that pay dividends regardless of their performance.
Dit verhaal komt uit de December 20, 2024-editie van The Guardian.
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