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Evening Standard
Evening Standard
Environment
Holly Williams

Thames Water to pay fifth of record £122.7m fines by end of September

Thames Water Thames Ofwat

Troubled Thames Water has agreed to pay £24.5 million of its record £122.7 million in fines by the end of September under a payment plan agreed with regulator Ofwat.

The industry watchdog, which handed Thames Water the penalties in May for failures over sewage treatment and paying out dividends, said a fifth of the fines would be due in the initial instalment.

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