“But Ofwat does not launch inquiries of this nature lightly and clearly in this case it has good grounds for believing somebody has been cooking the books.

Source: https://www.bridgwatermercury.co.uk/news/23544048.mp-liddell-grainger-calls-boss-south-west-water-resign/?ref=rss

Ofwat gained new powers to stop companies paying dividends if they would risk their financial stability, or to step in if the payments are not being linked to performance.

Source: https://jerseyeveningpost.com/morenews/uknews/2023/10/26/ofwat-names-four-worst-performing-water-firms-as-14bn-paid-out-to-shareholders/

The current leadership of Ofwat is also under pressure over its performance in regulating water firms, but denied its chair, Mr Coucher, had been "asleep at the wheel".

Source: https://www.bbc.co.uk/news/business-66174233?at_medium=RSS&at_campaign=KARANGA