§ Mr. PrescottTo ask the Secretary of State for Energy what has been the total wage bill for the electricity supply industry for each year since 1975.
§ Mr. ParkinsonTotal staff costs of the electricity supply industry in England and Wales in each year since 1975–76 were as follows:
£ million 1975–76 670.4 1976–77 728.9 1977–78 777.7 1978–79 931.8 1979–80 1,125.0 1980–81 1,420.8 1981–82 1,616.4 1982–83 1,642.5 1983–84 1,726.2 1984–85 1,754.5 1985–86 1,842.5 1986–87 1,958.7
§ Mr. PrescottTo ask the Secretary of State for Energy what are the financial obligations of the Central Electricity Generating Board arising from the 1975 White Paper; and what additional non-statutory financial obligations have been placed on the board since that date.
§ Mr. ParkinsonThe policy set out in the 1978 White Paper on nationalised industries was that industries should be set financial targets supplemented by a cash limit on external financing requirements for the current financial year and the publication of key performance indicators. In relation to future performance, industries should publish suitable performance aims. The current financial target set for the CEGB is an average return of 2.7 per cent. on average net assets (calculated on a current cost basis) for the three years ending 31 March 1988. The CEGB108W contributes to the performance aim and external financing repayment which are agreed with the ESI for the industry as a whole.
No additional non-statutory financial obligations have been placed on the CEGB.