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He told ITV's Good Morning Britain: "
"It's to such an extent that there are toxic levels of algae, there are algae blooms that show the nitrate levels are like through the roof. And they've been doing this year on year."
He added: "They have been paying out record dividends to shareholders, there's no excuse for this. We're telling them to stop putting sewage in the lake and take out what they put in."
Coogan said the company should not be allowed to pass the cost of cleaning up the lake to bill payers but should deny shareholders a dividend for a few years.
He said: "Either they need to do it themselves, which I doubt they will because they are powerless to their shareholders, or the Government needs to act."
Asked how he could defend dumping untreated sewage into the lake,
He told the show that customer bills will be increasing to help fund the programme.
PA
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