§ Mr. MorganTo ask the Secretary of State for Energy what was the cost of the advertising campaign for the flotation at the 12 regional electricity companies of England and Wales.
§ Mr. Heathcoat-AmoryThe costs of the campaign are still being finalised and will be announced to Parliament in the normal manner as soon as they are available.
§ Mr. MorganTo ask the Secretary of State for Energy what is his most up-to-date estimate of the cost of the advertising campaign for the flotation of the two generating companies.
§ Mr. Heathcoat-AmoryThe full costs of the privatisation, including advertising costs, will be made available to Parliament in the normal way.
§ Mr. MorganTo ask the Secretary of State for Energy (1) what policy considerations led him to reject institutional tendering as a method of flotation for the two generating companies in the electricity supply industry of England and Wales;
160W(2) what policy considerations led him to choose a public offer flotation for the two generating companies; and if he will make a statement.
§ Mr. Heathcoat-AmoryDecisions have yet to be taken on the precise structure of the sale of National Power and PowerGen. In intend to float both companies next February, subject to market conditions.
§ Mr. MorganTo ask the Secretary of State for Energy, pursuant to his answer of 13 December, what numbers of employees applied for shares under employee priority application procedures, in each of the 12 regional electricity company areas.
§ Mr. Heathcoat-AmoryThe numbers of employees who applied under the employee priority offers are as follows:
1Number of employee priority applications Eastern Electricity 4,073 East Midlands Electricity 3,328 London Electricity 2,546 Manweb 2,016 Midlands Electricity 3,188 Northern Electric 2,026 NORWEB 3,549 SEEBOARD 2,307 Southern Electric 3,237 South Wales Electricity 1,559 South Western Electricity 2,741 Yorkshire Electricity 3,050 1 Provisional figures. These figures exclude employees who have applied under the free and matching offers alone.