BAA presses on with Heathrow fifth terminal

Article Abstract:

The British Airports Authority (BAA) plan a fifth terminal capable of handling super jumbo jets to double capacity to 80 million passengers by 2016, but contrary to Civil Aviation Authority advice a new runway is not included. A public inquiry into the design by the Richard Rogers Partnership is expected to commence in 1994. Terminal 5 would be on the west between existing runways on a site occupied by Thames Water's Perry Oaks sludge works. London's airports would be full to capacity by 2002 without it. The 900 million pounds sterling terminal would handle 30 million passengers when completed in 2016. Nearly half the passengers would use public transport to get to Heathrow by then.

Planning, Statistics, Design and construction, BAA PLC, Airport terminals, Heathrow Airport

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Giordano quits British Gas pay committee

Article Abstract:

The resignation of British Gas chairman Richard Giordano from the company's remuneration committee is widely seen as a move to anticipate the conclusions of the report from the government-supported Greenbury Committee on executive pay. The report is expected to criticise the remuneration policy in the utilities industry. Thorn EMI has seen its chairman, Sir Colin Southgate, resign from its remuneration committee, and British Airways has announced plans to drop its executive share option scheme.

Gas Utilities, Natural Gas Distribution, Compensation and benefits, Appointments, resignations and dismissals, Executives, Executive compensation, Centrica PLC, Giordano, Richard

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Labour says it will refer bids for utilities to MMC

Article Abstract:

The Labour party plans to refer takeover bids for water and electricity companies retrospectively to the Monopolies and Mergers Commission (MMC) if it comes to power at the next general election. It believes that too much private monopoly power is being allowed to build up, and that steps must be taken to protect the interests of ordinary consumers. Labour's views are gaining support as the Natioanl Consumer Council also makes calls for an investigation.

Electric utilities, Water utilities, Investigations

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