HC Deb 20 July 1990 vol 176 c760W
Mr. Arbuthnot

To ask the Secretary of State for Energy if he will make a statement about the proposed capital reduction for the National Grid Company.

Mr. Wakeham

A court hearing is scheduled for Monday 30 July. This is an important part of the process for establishing the capital structure of the company in preparation for the move to the private sector as part of the sale of the 12 regional electricity companies later this year.