Thames Water Agrees to Remedy License Breach, Regulator Says
The decision follows a public consultation after the measures were announced earlier this month.
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Thames Water Utilities Ltd. agreed to take immediate remedial steps to restore investment-grade ratings required for the company to keep its license, the UK’s water regulator said.
The company — Britain’s biggest water and sewage-services provider — will further develop a revised business plan covering to enable its turnaround and increase investment, regulator Ofwat said in an emailed statement Friday.