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Gas Industry

Volume 987: debated on Thursday 3 July 1980

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asked the Secretary of State for Northern Ireland if, pursuant to the answer given, Official Report, 12 June, c. 779 by the Under-Secretary of State on the case of closure of the Northern Ireland gas industry, he will now give a detailed breakdown and method of calculation of the sums totalling £78 million.

The information is as follows:

£ million
Public Sector Conversions (including Housing Executive properties)27*
Conversion or Replacement of Domestic appliances30†
Conversion or Replacement of industrial and commercial appliances10‡
Extinction of Undertakings net borrowings at closure11§
Total78

Notes:

* Excludes any cost of betterment.

†Based on an assessment of the numbers of appliances currently in use and the cost of reasonable conversion or replacement at current retail prices.

‡Based on a sample investigation with large industrial and commercial users.

§Deduced from information provided by gas undertakings. The value of assets which are thought to be realisable is taken into account.