§ Mr. DobsonTo ask the Secretary of State for Energy whether he will review the proposed timetable for privatisation of PowerGen following the resignation of its chairman.
§ Mr. WakehamNo. It remains the Government's firm intention, subject to market conditions, to offer shares in National Power and PowerGen for sale to the public in February 1991.
§ Mr. DobsonTo ask the Secretary of State for Energy what percentage fees are to be paid to the companies underwriting the flotation of the electricity distribution companies.
§ Mr. WakehamThe commission rates to be paid to the underwriters of the sale of the regional electricity companies, subject to the terms of the underwriting agreements, will be
percentage United Kingdom primary underwriting 0.1700 United Kingdom sub-underwriting 1.2500 Overseas underwriting 1.2448
§ Mr. DobsonTo ask the Secretary of State for Energy if he will list the firms underwriting the flotation of the electricity distribution companies.
§ Mr. WakehamThe names of the firms underwriting the offers for sale of the regional electricity companies are set out in the prospectus.