HC Deb 10 November 1989 vol 159 cc826-7W
Mr. Morgan

To ask the Secretary of State for Energy (1) what is his latest estimate of the net proceeds of the sale of the assets of the electricity supply industry under the terms of the Electricity Act;

(2) what is his latest estimate of the proceeds from the sale of the electricity supply industry;

(3) what is his current estimate of the Exchequer proceeds from the sale of the 12 area boards under the terms of the Electricity Act 1989, net of flotation and advertising costs;

(4) what is his current estimate of the Exchequer proceeds from the sale of the generating companies under the terms of the Electricity Act 1989 net of all flotation and advertising costs.

Mr. Michael Spicer

The market value of the generating companies and distribution companies will depend on a wide range of factors including the profitability of the companies, their capital structures, their future prospects and the state of the market. It is therefore too early to estimate the likely proceeds for the sale of the companies.

Mr. Morgan

To ask the Secretary of State for Energy what is his most up-to-date estimate of the total cost of decommissioning and nuclear waste management for the advanced gas-cooled reactors in England and Scotland.

Mr. Michael Spicer

These are matters for the CEGB and SSEB. I have asked the chairmen to write to the hon. Member.

Mr. Morgan

To ask the Secretary of State for Energy what proposals he has for capping the liability of National Power to decommissioning and nuclear waste management costs after vesting day under the terms of the Electricity Act.

Mr. Michael Spicer

I refer the hon. Member to the statement that my right hon. Friend made on 9 November at column 1175.