Finance
UK regulator proposes $33 million enforcement on South West Water
Published by Global Banking & Finance Review®
Posted on July 10, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 10, 2025
1 min readLast updated: January 23, 2026
Ofwat proposes a $33 million penalty on South West Water for wastewater management failures. Pennon plans to address pollution by 2030.
(Reuters) -British water regulator Ofwat said on Thursday that it has proposed a 24-million-pound ($32.7 million) enforcement package on South West Water for "failures in managing its wastewater treatment works and network".
Pennon, which owns the South West Water utility, said in a separate statement it would work on reducing spills and address environmental pollution by 2030 under the enforcement package, which was in lieu of penalty of 19 million pounds.
($1 = 0.7348 pounds)
(Reporting by Pushkala Aripaka in Bengaluru; Editing by Janane Venkatraman)
Ofwat has proposed a 24-million-pound ($32.7 million) enforcement package due to failures in managing its wastewater treatment.
Pennon, the owner of South West Water, stated it would work on reducing spills and addressing environmental pollution by 2030 as part of the enforcement package.
The article notes that $1 is equivalent to 0.7348 pounds.
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