Ofwat said owners and shareholders of the water firms will instead have to pick up the tab for the payouts, after it found they were not linked closely enough to company performance.
Debt-laden Thames Water is one of three firms – also including Yorkshire Water, and Dwr Cymru Welsh Water – which were directly blocked from allowing customers to pay £1.55 million of bonuses.
The watchdog said a further six companies had voluntarily decided not to push the cost of executive bonuses worth a combined £5.2 million onto customers, with shareholders instead paying.
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Denne historien er fra November 22, 2024-utgaven av The Herald.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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READY FOR BUSINESS
ROONEY KNOWS WHAT HE WANTS TO DO IN JANUARY WINDOW
Lampard looking forward to Rooney reunion
ENGLAND LEGENDS DO BATTLE AS HEAD COACHES FOR FIRST TIME
Points mean more than goals to Gyabi
DARKO Gyabi enjoyed scoring his first goal for Plymouth Argyle in the 3-3 draw with Middlesbrough at Home Park but the most important thing to him is helping the team get the wins they need to move up the Championship table.
Beardmore aims to build on his Parkway heroics
MITCH Beardmore is hoping to add to his six Plymouth Parkway goals from Saturday's pre-Christmas cracker against Gloucester City and secure another vital win over relegation rivals Frome Town in the Southern League Premier Division this afternoon.
On-form Pearce can't stop Fawn's push for the title
TEX Pearce's tally of 14 scores of a ton or more did some damage to Fawn A's Plymouth City Super League Division B title push, but it couldn't push St Levans over the finish line as his Keyham team lost 6-5.
Farage 'willing to help Mandelson'
NIGEL Farage has said he would be willing to help incoming ambassador to the US Lord Mandelson negotiate with the Trump administration.
Hunting ban pressure
THE Government is under pressure over its manifesto pledge to ban trail hunting as hunts gather for the traditional Boxing Day meet.
King praise for doctors and nurses
THE King has used his Christmas address to pay tribute to the \"selfless\" doctors and nurses who provided \"strength, care and comfort\" during cancer treatment for himself and the Princess of Wales.
Missiles hit Ukraine
RUSSIA has launched a massive missile barrage targeting Ukraine's energy infrastructure.
'I left family and moved 7,000 miles to marry my pen pal'
ALENA AND CHAD STARTED WRITING TO EACH OTHER AS TEENAGERS
