Thames Water Utilities Finance PLC Ofwat Investigation Update (4694W)
2023年12月12日 - 4:52PM
ＲＮＳを含む英国規制内ニュース （英語）
TIDM66EW
RNS Number : 4694W
Thames Water Utilities Finance PLC
12 December 2023
Thames Water Utilities Finance plc
12 December 2023
THAMES WATER UTILITIES FINANCE PLC
Ofwat Investigation Update
On 18th November 2021 Ofwat announced an investigation into all
water and wastewater companies in England and Wales.
Thames Water Utilities Finance Plc announces that Thames Water
Utilities Limited ("TWUL") has been notified by Ofwat that it has
now reached the next stage of its investigation into TWUL's
management of its sewage treatment works and wider networks.
Ofwat's initial findings are without prejudice to any further
representations that TWUL may make to Ofwat. The Ofwat Board has
not yet concluded whether there has in fact been any contravention
or failure by TWUL, nor has it decided to issue a notice under
section 22A of the Water Industry Act.
If Ofwat ultimately makes a finding of breach sufficient to
warrant a fine, as part of its enforcement powers, Ofwat can impose
a financial penalty on companies, the value of which can be up to
10% of relevant turnover. Where appropriate, Ofwat may decide not
to issue an enforcement order, or decide to impose a reduced or no
financial penalty at the conclusion of an investigation, where a
company has come forward to formally commit to taking appropriate
measures to secure its compliance and to provide suitable redress
for its failures.
TWUL continues to co-operate fully with Ofwat's investigation,
is considering the initial findings in detail and may make
representations to Ofwat in due course.
The investigation by the Environment Agency into all water and
wastewater companies in England and Wales continues. Currently,
there is no indication of any date for this investigation to reach
a conclusion.
For further information
Investors and analysts
Head of Investor Relations: Sarah Davies -
debt.investorrelations@thameswater.co.uk
Media
Head of Media Relations: Suvra Jans -
suvra.jans@thameswater.co.uk
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December 12, 2023 02:52 ET (07:52 GMT)
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