HC Deb 16 March 1990 vol 169 c400W
Mr. Dobson

To ask the Secretary of State for Energy what scale of guarantees are needed to prevent Nuclear Electric from trading while insolvent.

Mr. Wakeham

On 6 March I laid before the House a minute which set out my intention to provide a letter of assurance to Nuclear Electric plc.

As my hon. Friend the Member for Banbury (Mr. Baldry) explained in an answer to the hon. Member for Newham, North-West (Mr. Banks) on 26 February (Official Report, Column 91.) work is currently in hand on the financial structure of the company. Decisions on the extent of any support in addition to the letter of assurance cannot yet be taken. They depend on the outcome of the company's review of accounting policies and its financial performance in 1989–90.

Mr. Dobson

To ask the Secretary of State for Energy whether his Department was consulted about the allocation of(a) Sudbury house and (b) Bankside power station to Nuclear Electric plc.

Mr. Wakeham

I took the decision that Sudbury house and Bankside power station should be allocated to Nuclear Electric.

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