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Briefing: Thames Water ‘close to deal that would spare it new Ofwat fines until 2030’
Strategic angle: Offer reportedly put forward by creditors hoping to save struggling firm from being renationalised temporarily.
editorial-staff
1 min read
Updated 9 days ago
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.