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Electricity Privatisation

Volume 174: debated on Thursday 14 June 1990

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To ask the Secretary of State for Energy when he expects to announce the price of shares in the electricity distribution companies.

My right hon. Friend the Secretary of State will announce the price of the shares in the 12 regional electricity companies on impact day. It is expected that will be during November 1990.

To ask the Secretary of State for Energy when the television advertising campaign to sell the electricity distribution companies will commence.

Advertising to publicise the offer for sale of the 12 regional electricity companies will be undertaken to inform the public of the forthcoming flotations. It would be premature to set out provisional plans, which are subject to matters that will not be resolved until much nearer the time of flotations.

To ask the Secretary of State for Energy when he expects to have the estimated total of expenditure on advertising the sale of the electricity distribution companies.

I have nothing further to add to the answers that my right hon. Friend the Secretary of State gave to the hon. Member on 1 May and 6 June 1990.