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Nine water firms blocked for paying £6.8m in ‘justifiable’ bonuses
A tanker pumps out excess sewage from the Lightlands Lane sewage pumping station in Cookham, Berskhire, January 10, 2024
NINE water companies have been blocked from paying £6.8 million in “unjustifiable” bonuses using customer money under new powers handed to the regulator Ofwat.
Troubled Thames Water was among three firms — also including Yorkshire Water and Dwr Cymru Welsh Water — that were directly blocked from paying £1.5m of bonuses.
The other six companies voluntarily decided not to push the cost of executive bonuses onto customers.
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