South East Water settles with Ofwat for £30.5m redress package
LONDON - South East Water (Finance) Limited announced today it has finalized a £30.5 million redress package with water regulator Ofwat, concluding investigations into supply interruption events and regulatory breaches. The legally binding commitment replaces an initially proposed £22.5 million financial fine, according to a press release statement.
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LONDON - South East Water (Finance) Limited announced today it has finalized a £30.5 million redress package with water regulator Ofwat, concluding investigations into supply interruption events and regulatory breaches. The legally binding commitment replaces an initially proposed £22.5 million financial fine, according to a press release statement. The investigations concerned supply interruption events, the company’s compliance with licence condition G following two supply events in winter 2025/26, and a breach of licence condition P26 requiring two investment-grade credit ratings. The redress package allocates £13 million for additional investment following an independent review of the company’s resilience.
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- LONDON - South East Water (Finance) Limited announced today it has finalized a £30.5 million redress package with water regulator Ofwat, concluding investigations into supply interruption events and regulatory breaches. The legally binding commitment replaces an initially proposed £22.5 million financial fine, according to a press release statement.
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South East Water settles with Ofwat for £30.5m redress package
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