https://www.bbc.com/news/articles/cgeg5vy9q8eo

Thames Water has been fined £122.7m for breaching of rules relating to its sewage operations and shareholder payouts.

It is the biggest ever penalty issued by the water regulator Ofwat.

The regulator said the fines followed its “biggest and most complex investigation” and confirmed it would be paid by the company and its investors, not by customers.

A Thames Water spokesperson said: “We take our responsibility towards the environment very seriously.”

The fine issued by the water industry watchdog has ordered Thames Water to pay a £104.5m penalty for breaches of rules connected to its sewage operations.

That is on top of an additional penalty of £18.2m for breaches relating to shareholder payouts – known as dividends. It is the first time Ofwat has fined a water company over “undeserved dividends”.

Thames Water is currently in “cash lock up” and no further dividend payments can be paid without approval from Ofwat.

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Original article at https://www.bbc.com/news/articles/cgeg5vy9q8eo