Thursday, June 22, 2006

Water Water Everywhere (except in the pipes)

Thames Water could face fine of up to £140 million
By Rosie Murray-West
(Filed: 22/06/2006)

Thames Water faces a fine of up to £140 million after announcing a huge increase in profits yesterday while its pipes leak almost 200 million gallons of water every day.
The German-owned company, which has a hosepipe ban in place and has now applied for a drought order, made £346.5 million last year, an increase of 31 per cent.
"Given its current leakage performance, we are concerned that the company may not meet future leakage targets or its security of supply commitments," the Ofwat spokesman said.
Thames Water lost 72 billion gallons of water last year, enough to fill Windermere. Ofwat said its poor performance was contributing to shortages.
Daily Telegraph


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