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Electricity Boards (Borrowing)

Volume 124: debated on Wednesday 9 December 1987

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To ask the Secretary of State for Energy (I) what rate of return he expects to receive from each of the 12 area electricity boards on the outstanding borrowing from him over the next 10 years;(2) what rate of return he expects to receive from the Central Electricity Generating Board on the outstanding borrowing from him over the next 10 years.

The funding requirements of the area electricity boards and the CEGB are met by the Electricity Council. The rates of interest payable on United Kingdom loans to the Electricity Council outstanding at 31 March 1987 vary between 5 per cent. and 16ยท75 per cent. Further details are set out on page 52 of the Electricity "Council Annual Report and Accounts 1986/87."