Ofwat dismissed this plan, prompting shareholders at Thames’ parent company, Kemble Water, to withdraw a proposed cash injection and default on debt interest payments.
Thames has now proposed spending an extra £1.1bn on top of its original plans on “projects benefiting the environment”, although it did not give details of what these would be.
It is thought that a final decision from Ofwat will come at a crucial meeting on 23 May with a “draft determination” of what companies will be allowed to charge from next year issued on 12 June.
Thames Water chief executive, Chris Weston, said: "Our business plan focuses on our customers’ priorities… we’ve now updated it to deliver more projects that will benefit the environment.
In last month’s Oxford and Cambridge boat race, both crews were given safety advice to avoid swallowing water splashed up from the river.
The samples were taken downstream from Little Marlow Sewage Treatment Works, although Thames Water said all discharges from the site had been fully compliant with environmental law.
The original article contains 586 words, the summary contains 169 words. Saved 71%. I’m a bot and I’m open source!
This is the best summary I could come up with:
Ofwat dismissed this plan, prompting shareholders at Thames’ parent company, Kemble Water, to withdraw a proposed cash injection and default on debt interest payments.
Thames has now proposed spending an extra £1.1bn on top of its original plans on “projects benefiting the environment”, although it did not give details of what these would be.
It is thought that a final decision from Ofwat will come at a crucial meeting on 23 May with a “draft determination” of what companies will be allowed to charge from next year issued on 12 June.
Thames Water chief executive, Chris Weston, said: "Our business plan focuses on our customers’ priorities… we’ve now updated it to deliver more projects that will benefit the environment.
In last month’s Oxford and Cambridge boat race, both crews were given safety advice to avoid swallowing water splashed up from the river.
The samples were taken downstream from Little Marlow Sewage Treatment Works, although Thames Water said all discharges from the site had been fully compliant with environmental law.
The original article contains 586 words, the summary contains 169 words. Saved 71%. I’m a bot and I’m open source!