§ Mr. DobsonTo ask the Secretary of State for Energy what were the expenses included in the £12,439,000 gross expenditure on privatisation of the electricity supply industry in 1989–90, apart from the £12.1 million paid to outside organisations.
§ Mr. WakehamThe additional expenses are mainly those associated with the establishment of the successor companies to the Central Electricity Generating Board.
§ Mr. DobsonTo ask the Secretary of State for Energy if he will give for each relevant year his Department's total gross expenditure on the privatisation of(a) British Gas and (b) the electricity supply industry.
§ Mr. WakehamThe total gross external costs incurred by the Department of Energy in connection with the privatisation of British Gas and the electricity supply industry in England and Wales were as follows:
£ million British Gas Electricity Supply Industry 1985–86 1.4 — 1986–87 196.6 — 1987–88 53.3 0.8 1988–89 22.5 5.5 1989–90 4.0 12.4 1990–911 3.5 303.1 1 The figure for 1990–91 is the gross provision Voted by Parliament. The final outturn figure will be published in the Appropriation Account for 1990–91 later this year. Source: Department of Energy Annual Appropriation Accounts 1985–86 to 1989–90 and Supply Estimates 1991–92, Class V Energy.
§ Mr. DobsonTo ask the Secretary of State for Energy what were the £4,024,000 residual expenses in 1989–90 from the sale of shares in British Gas.
§ Mr. WakehamThe residual expenses in 1989–90 consisted of: £1,707,000 in connection with the gas bill512W voucher scheme; £2,303,500 in connection with the bonus share issue; and £13,500 in connection with the administration of the British Gas share offer companies.