§ Mr. PikeTo ask the President of the Board of Trade what special provisions apply to the proceeds accruing to National Power or PowerGen arising from the closure of any power station subsequent to privatisation; and if he will make a statement.
§ Mr. EggarAll the privatised electricity companies are subject to provisions which, above certain thresholds, entitle the Government to half the gain resulting from property disposals. No payment is due from the disposal of a specialised property such as a power station as a going concern, provided that it continues in operational use until 31 March 2000.