Tommy Tainant
Diamond Member
- Jan 20, 2016
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- 20,740
Thames Water fails to complete 108 upgrades to ageing sewage works
Exclusive: Fears customers will end up paying twice for work needed in order to comply with legal pollution limits
www.theguardian.com
Thames Water fails to complete 108 upgrades to ageing sewage works
And yet they announce 100 million pay outs to their scab investors. they already billed the customers for this work and now the want to charge them again. Tory Britain in action.As well as bill increases, Thames wants the regulator to agree to issue it with lower fines for pollution. Thames also wants Ofwat to increase a 3% limit on capital returns in order to attract vital investment as the company struggles to stay afloat with debts of more than £15bn. Thames has said average annual customer bills would be £608 by 2030.
Thames has enough cash to enable it to trade till next June. They are looking to new incestment to come in. That is unlikely. They will go bust and the govt will have to step in.
Paying huge dividends while ignoring maintenance work is the entire story of the water companies since privatisation. Bring down the curtain as these utter bastards go bust.