Quote:
|
Originally Posted by EagleEyes
I particularly like the last bit
"The German-owned company is also the country's MOST WASTEFUL water
firm, haemorrhaging 196million gallons of water every day - the
equivalent of 350 Olympic-sized swimming pools.
Last month regulator Ofwat came under fire for REFUSING TO FINE Thames
Water for its failure to meet leakage targets in the capital for the
seventh year in succession.
Instead, the company was ordered to invest an extra £150million by
2010 to replace nearly 230 miles of old water pipes in London."
Why don't they FINE and ORDER to invest???
|
If someone insists you spend an additional £150m fixing pipes, and allows you nothing for that, then that sounds like a very stringent financial penalty to me, a lot worse than being fined £60m which was about the maximum they could have been fined. This means that the financial penalty is applied to the benefit of customers, rather than vanishing into the Treasury. I think it is a very good idea, and certainly not a soft option.