Thames Water fined £8.55m for failing to stop leakspublished at 12:40 British Summer Time 14 June 2017
BBC Business News
Thames Water has been hit with its second big fine this year for failing to reduce leakage.
Industry regulator Ofwat has fined the company the maximum £8.55m it can levy and said it may take further action.
In March the firm was ordered to pay a record £20m for polluting the waterways with 1.9bn litres of raw sewage, including the River Thames at Little Marlow and the River Thame in Aylesbury.
Ofwat chief executive Cathryn Ross said Thames's failure to meet its leakage commitments was "unacceptable".
Thames Water said it had outperformed its target for the past 10 years and reduced leakage by 100m litres a day over the period.
"We regrettably missed our 2016/17 leakage reduction target by 47m litres per day, which represents 1.8% of our average daily production," it said.