Skip to main content

Electricity Privatisation

Volume 183: debated on Wednesday 19 December 1990

The text on this page has been created from Hansard archive content, it may contain typographical errors.

To ask the Secretary of State for Energy what was the cost of the advertising campaign for the flotation at the 12 regional electricity companies of England and Wales.

The costs of the campaign are still being finalised and will be announced to Parliament in the normal manner as soon as they are available.

To ask the Secretary of State for Energy what is his most up-to-date estimate of the cost of the advertising campaign for the flotation of the two generating companies.

The full costs of the privatisation, including advertising costs, will be made available to Parliament in the normal way.

To ask the Secretary of State for Energy (1) what policy considerations led him to reject institutional tendering as a method of flotation for the two generating companies in the electricity supply industry of England and Wales;

(2) what policy considerations led him to choose a public offer flotation for the two generating companies; and if he will make a statement.

Decisions have yet to be taken on the precise structure of the sale of National Power and PowerGen. In intend to float both companies next February, subject to market conditions.

To ask the Secretary of State for Energy, pursuant to his answer of 13 December, what numbers of employees applied for shares under employee priority application procedures, in each of the 12 regional electricity company areas.

The numbers of employees who applied under the employee priority offers are as follows:

1Number of employee priority applications
Eastern Electricity4,073
East Midlands Electricity3,328
London Electricity2,546
Manweb2,016
Midlands Electricity3,188
Northern Electric2,026
NORWEB3,549
SEEBOARD2,307
Southern Electric3,237
South Wales Electricity1,559
South Western Electricity2,741
Yorkshire Electricity3,050
1 Provisional figures.
These figures exclude employees who have applied under the free and matching offers alone.