The water company is already under investigation for a smaller £37.5 million dividend payment in October 2023, under new Ofwat rules.
Thames Water has confirmed that it paid two fresh dividends worth £158.3 million in March, as the heavily indebted company said it is unlikely to raise fresh funds before December.
The dividends come after water industry regulator Ofwat had already said it is “minded” to take action against Thames Water for a smaller £37.5 million dividend payment in October 2023. It said it has £1.8 billion of liquidity, enough to fund its operations until the end of May next year, but that it needs new investment.
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