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Electricity Boards (Profits)

Volume 124: debated on Wednesday 9 December 1987

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To ask the Secretary of State for Energy what the profits were for (a) the Central Electricity Generating Board and (b) each of the 12 area electricity boards for each of the last eight years; and what are the projected profits for the next two years.

The current cost profit after interest and taxation for the Central Electricity Generating Board and each of the 12 area electricity boards, for each of the last eight years, is given in the table.

£ million
Area Board1979–801980–811981–821982–831983–841984–851985–861986–87
South Eastern(-)18·0(-)7·4(-)0·92·715·7(-)45·521·724·7
South Western(-)13·3(-)0·28·79·215·4(-)41·023·916·1
East Midlands(-)9·213·09·8(-)5·619·3(-)73·114·028·1
South Wales(-)11·7(-)1·97·112·49·9(-)33·28·711·4
Merseyside and North Wales(-)12·0(-)1·6(-)1·4(-)6·42·4(-)39·14·48·6
North Eastern(-)15·7(-)0·18·78·313·9(-)47·921·714·0
North Western(-)15·2(-)2·68·314·116·2(-)78·920·319·4

Note: In 1984–85, the figures for area boards include their share of a contribution of £933·7 million towards the additional costs of £2,020 million incurred by the CEGB as a result of the miners' strike. The CEGB's loss is before this contribution.