Thames Water: Please don't fine us, company asks regulator

Fine them the maximum amount allowed by law so you can renationalise it as cheap as possible.

That would be real Labour Policy

The fine should be taken the form of shares transferred to the government.

They can buy them back once they show competency or they get fined later and give more shares up until the government gets a controlling interest.

Sounds like an unviable business that is throwing worse loans after bad, and needs nationalising a decade ago.
But what do I know: I'm just a schmuck who's water bill just went up by a third.