Privatising power
Article Abstract:
The privatization of the UK electric industry was the most massive privatization undertaken by the UK government since it involved the restructuring of the industry before it was offered for sale. The electric industry was privatized in 1957, and since that time, all power was generated by the Central Electricity Generating Board (CEGB) for transmission to 12 local boards which, in turn, sent electricity onto consumers. The 12 local distribution companies were offered for sale in Dec 1990 and the CEGB was split into two generating companies to increase competition, National Power and PowerGen. In addition, a new company, The National Grid, was created to manage the network, thus splitting the electric industry into different companies responsible for generating, supplying, and distributing electric power. The Dec 90 floatation of the distribution companies raised 5.2 billion pounds sterling from 5.7 million people. The privatization of the industry should be completed by Mar 91.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1991
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Postal harmony: can the community deliver?
Article Abstract:
Significant changes are taking place in the mail and courier services industry of the UK. One major development is the expected publication of the European Commission Green Paper on the future of postal services in the single market of the European Community. Another significant development is the UK government's proposal to do away with its current monopoly on letter delivery through the privatization of postal services. The joint venture planned by TNT World Express Worldwide and Express Mail Services, through a linking of opeartions with the postal authorities of France, Canada, Germany and the Netherlands is also a major development within the industry. These developments are expected to revolutionize the mail and courier services sector by encouraging the industry to adopt a distribution and communication network with a broader base.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
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