#ThamesWater is poised to reach an agreement with #ofwat that will allow the struggling utility to avoid any new fines over the next four years in exchange for a commitment to invest cash into the business.

Ofwat is planning to accept “undertakings” in lieu of financial penalties until 2030, according to people familiar with discussions, as part of a controversial offer put forward by creditors that would save the water company from being renationalised

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https://www.ft.com/content/070d9030-0314-41dd-9630-63c893b199b0?syn-25a6b1a6=1