HC Deb 26 November 1990 vol 181 cc285-6W
Mr. Dobson

To ask the Secretary of State for Energy what severance payment is to be paid to Robert Malpas on his resignation as chairman of PowerGen; and whether he was consulted on the sums involved.

Mr. Wakeham

I refer the hon. Member to the answer given to the hon. Member for Cardiff, West (Mr. Morgan) on 23 November at column251.

Mr. Dobson

To ask the Secretary of State for Energy what is the salary of the new chairman of PowerGen; how many days a week Sir Graham Day will be working for PowerGen; and what terms have been agreed for fixing his salary after the privatisation of PowerGen.

Mr. Wakeham

Sir Graham Day's salary as chairman of PowerGen is £110,000 per year.

Sir Graham will be devoting around two days a week to PowerGen over the year as a whole. Greater calls on his time in the period up to flotation are expected to be balanced by a reduced involvement later on.

No terms have been agreed for fixing his salary after the privatisation of PowerGen.

Mr. Dobson

To ask the Secretary of State for Energy what was the salary of the former chairman of PowerGen; how many days a week Robert Malpas worked for PowerGen; and what terms had been agreed for fixing his salary after the privatisation of PowerGen.

Mr. Wakeham

Mr. Malpas's salary was £157,321 per year. He worked three days per week at PowerGen. No terms had been agreed for fixing his salary after the privatisation of PowerGen.

Mr. Dobson

To ask the Secretary of State for Energy (1) when he was consulted on the appointment of the new chairman of PowerGen;

(2) what information he has on the reasons for the resignation of the chairman of PowerGen.

Mr. Wakeham

I refer the hon. Member to the answer that I gave him on 22 November at column177.

Mr. Morgan

To ask the Secretary of State for Energy what representations he has received in recent weeks from PowerGen regarding a management-led employee buyout.

Mr. Baldry

None.