§ Mr. MorganTo ask the Secretary of State for Energy what is his current estimate for the completion of the privatisation of the electricity supply industry under the terms of the Electricity Act 1989.
§ Mr. Michael SpicerOur aim remains to privatise the industry within the lifetime of this Parliament.
§ 1992. Mr. MorganTo ask the Secretary of State for Energy (1) what is his current estimate of the date for flotation of the electricity generating companies under the terms of the Electricity Act;
(2) what is his current estimate of the proportion of the total assets of the electricity supply industry of Great Britain that will have been privatised under the terms of the Electricity Act by the end of (a) 1990, (b) 1991 and (c)
§ Mr. Michael SpicerThe Government intend to float the successors to the area boards in the autumn of 1990, and to bring National Power and PowerGen to the market in the first half of 1991.
§ Mr. MorganTo ask the Secretary of State for Energy what is his current estimate of the date of vesting day under the Electricity Act.
§ Mr. Michael SpicerOur aim is to vest the new structure of the industry at the end of March 1990.
§ Mr. MorganTo ask the Secretary of State for Energy what is his latest estimate of the level of the non-fossil fuel quota in England and Wales under the terms of the Electricity Act 1989.
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§ Mr. Michael SpicerI refer the hon. Member to the statement made by my right hon. Friend the Secretary of State for Energy on 9 November.
§ Mr. MorganTo ask the Secretary of State for Energy what is his most up-to-date estimate of the level of tax losses to be carried forward in the balance sheets of the Central Electricity Generating Board and its successor generating companies under the terms of the Electricity Act.
§ Mr. Michael SpicerThe tax position of the CEGB is a matter for the board and the Inland Revenue, and is currently the subject of discussions between the two. The level of tax losses available to the successor companies will be determined in accordance with schedule 11 of the Electricity Act.
§ Mr. MorganTo ask the Secretary of State for Energy what is his most up-to-date estimate on the level of capital write-offs to be made to the balance sheets of the Central Electricity Generating Board and its succcessor generating companies under the terms of the Electricity Act.
§ Mr. Michael SpicerAsset values in the acccounts of the CEGB and its successor companies are a matter for the bodies concerned and their respective auditors.