Regulator understood to be looking at ‘recovery regime’ for Thames Water and others in sector
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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.