Ofwat considers cutting sewage fines for financially struggling water firms
by Helena Horton and Sandra Laville from on (#6N4MN)
Regulator understood to be looking at recovery regime' for Thames Water and others in sector
Ofwat, the water regulator for England and Wales, is understood to be considering cutting fines for sewage-dumping water companies if they are facing financial pressures.
According to the Financial Times, which first reported the plan, the regulator intends to draw up a recovery regime" for Thames Water, which is facing collapse or restructuring owing to its high debts, and others that find themselves in similar positions.
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