HC Deb 27 January 1966 vol 723 cc134-5W
Mr. Walter Harrison

asked the Minister of Power (1) what has been the total amount of compensation paid to previous owners by the Central Electricity Generating Board and electricity boards to date;

(2) what is the amount of compensation still to be paid to previous owners by the Central Electricity Generating Board and electricity boards.

Mr. Frederick Lee

On nationalisation, the British Electricity Authority paid compensation in full by the issue of stock to the value of £342 million and in addition paid £5 million to local authorities as compensation for the severance of their electricity undertakings from their other activities. The Authority also took over responsibility for the outstanding balances of loans amounting to £195 million.