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Electricity Privatisation

Volume 202: debated on Thursday 23 January 1992

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To ask the Secretary of State for Energy if he will list the individuals and organisations retained to advise him or his Department on electricity privatisation, giving in each case the commencement and termination date of their contract and the nature of the advice they supplied.

The following advisers were retained in connection with the restructuring and privatisation of the electricity supply industry in England and Wales:

Adviser

Area

From

To

R. L. AssociatesSetting X for area boardsJanuary 1990February 1990
Dewe RogersonMarketing & Public RelationsFebruary 1990Continuing
Lincoln HannahPress cutting serviceFebruary 1990April 1991
Russell ReynoldsExecutive selectionFebruary 1990July 1990
ImaginationRoadshow organisersMay 1990April 1991
WCRSFlotation advertisingMay 1990December 1990
J. Henry Schroder WaggTrade saleJune 1990August 1990
John ChienePricingJune 1990March 1991
J. Henry Schroder WaggUnderwritersSeptember 1990November 1990
Smith New CourtBrokers for the GeneratorsJanuary 1991March 1991

Notes:

(i) Names given are as at time of appointment.

(ii) Where companies worked in more than one area, or under more than one contract, dates given are for commencement of earliest task and completion of latest.

In addition, a number of operational contractors have been or are continuing to be employed to provide support for the remaining elements of the sale, for example, the instalment arrangements.

To ask the Secretary of State for Energy what is his estimate of the fees to be paid out in 1991–92 for advice on electricity privatisation; and what estimate has been made for 1992–93.

It is estimated that Government expenditure in 1991–92 on fees for advice on electricity privatisation will be approximately £7 million. Details of expected expenditure in 1992–93 will in due course be published, in the usual way, in the supply estimates.