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<p>There is no operator of last resort for water companies. Ofwat monitors the performance
and financial position of all water companies and publishes results on these annually.
Ofwat will take action when water company performance is not at the level Government
expect, or if their investors need to strengthen their long-term financial resilience.</p><p>
</p><p>This Government is holding the water industry to account on a scale never seen
before. We have legislated to introduce unlimited penalties on water companies who
breach their environmental permits and expand the range of offences to which penalties
can be applied. Furthermore, on 20 February, the Government and Environment Agency
(EA) announced that they will quadruple the number of water company inspections to
crack down on poor performing companies.</p><p> </p><p>We will continue to hold water
companies to account and if there are illegal breaches of permits, the regulators
will not hesitate to take robust action.</p>
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