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July 03, 2006
Thames Water to be fined for wasting it
Thames Water, which recently declared a 31% increase in earnings, and has been adament about wanting a drought order, is now facing fines for failing to meet its own annual leak reduction target for the third year in a row.
Thames Water is a division of the German utility group RWE.
"It is immensely frustrating that despite our strenuous efforts to reduce leakage we have missed our target," said Thames Water's chief executive Jeremy Pelczer last month.
"We remain committed to achieving our target over the full five-year regulatory period," as reported by BBC News.
Posted by Stephen Betheil at July 3, 2006 06:18 PM
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