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Thames Water, known originally as the '''Thames Water Authority''' and after Privatization as '''Thames Water Utilities Limited''', is the Utility responsible for Water Supply and Waste Water treatment in parts of Greater London , Surrey , Wiltshire , and the Thames Valley in the United Kingdom . Originally it was also responsible for managing the Rivers and Water Catchments of the area, and was the Navigation Authority of the non-tidal River Thames , but these responsibilities ceased with Privatisation . The headquarters of Thames Water are located adjacent to Reading Bridge on the River Thames in Reading . HISTORY The Thames Water Authority was founded in 1973, under the terms of the Water Act 1973 . It was a successor to several statutory water supply and catchment area management bodies, including:
PRIVATIZATION Thames Water was . Australian investment funds already have interests in South East Water and Mid Kent Water . CRITICISM Thames Water has been repeatedly criticised for the amount of water that leaks from its pipes by the industry regulator Ofwat and fined for this. (As of June 2006, Thames Water has missed its target for reducing leakages for the third year in a row.) {Link without Title} The figure for May 2006 was nearly 900 megalitres per day. In July 2006, instead of a fine, which would have gone "to the Exchequer " the company was required to spend an extra £150 million on repairs. {Link without Title} In June 2006 the firm also announced a 31% rise in pre-tax profits to £346.5m. Jeremy Pelczer, Thames Water's chief executive, noted that "In the face of a challenging year for Thames Water and the whole sector, we are pleased to deliver a good set of results." {Link without Title} The Consumer Council, a customers' group, accused Thames Water for continuing to miss their targets for the past five years. According to Consumer Council spokesman Andrew Marsh, "They Water are making big profits and there's a credibility gap between making large profits and asking customers to save water. People are paying more for their water bills and have every right to expect what they are paying for, which is a service that includes all the benefits the company has promised to deliver." [http://news.bbc.co.uk/1/hi/business/5101434.stm] A Thames Water-run sewage plant at Seafield spewed enough untreated sewage to fill 170 swimming pools into the River Forth . Enough effluent to fill 170 swimming pools pours into Forth from sewage plant JOB CUTS REFERENCES
EXTERNAL LINKS Official Critical sites
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