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Privatisation Of Electricity Distribution Companies

EDM number 100 in 1990-91, proposed by Rhodri Morgan on 20/11/1990.

That this House deplores the unprecedented legal protection conferred on the Secretary of State for Energy in the privatisation prospectus, debarring the regulatory authorities or any small investor who loses money on his electricity shares from suing the Secretary of State for failing to disclose information, relevant to the flotation, arising from hostilities in the Gulf, which, combined with the side letter conferring unprecedented rights on the lead underwriters to cancel the whole issue, on the outbreak of Gulf hostilities, protects the Secretary of State for Energy and his allies in the City from Gulf-war risk financial loss, but leaves the small investor wholly unprotected against that risk, if the outbreak of war after first dealings day on 11th December turns the electricity flotation overnight into a financial disaster

This motion has been signed by a total of 42 MPs.

Rhodri Morgan20/11/1990Cardiff WestProposed
Martin Redmond21/11/1990Don ValleySigned
Eric Illsley21/11/1990Barnsley CentralSigned
Ian McCartney21/11/1990MakerfieldSigned
Bill Michie21/11/1990Sheffield, HeeleySigned
Lawrence Cunliffe21/11/1990LeighSigned
Harry Barnes21/11/1990North East DerbyshireSigned
Keith Bradley22/11/1990Manchester, WithingtonSigned
James Wray22/11/1990Glasgow ProvanSigned
John Battle22/11/1990Leeds WestSigned
Jimmy Dunnachie22/11/1990Glasgow, PollokSigned
William McKelvey22/11/1990Kilmarnock & LoudounSigned
John McAllion22/11/1990Dundee EastSigned
Roy Hughes22/11/1990Newport EastSigned
Ernie Ross22/11/1990Dundee WestSigned
Robert Parry23/11/1990Liverpool, RiversideSigned
Dennis Skinner26/11/1990BolsoverSigned
Peter Hardy26/11/1990WentworthSigned
Ron Davies26/11/1990CaerphillySigned
Alexander Eadie26/11/1990MidlothianSigned
Alun Michael27/11/1990Cardiff South & PenarthSigned
Alan Wynne Williams27/11/1990CarmarthenSigned
John Evans27/11/1990St Helens NorthSigned
Paul Murphy27/11/1990TorfaenSigned
Peter Pike27/11/1990BurnleySigned
John Cummings27/11/1990EasingtonSigned
Robert Wareing28/11/1990Liverpool, West DerbySigned
Jack Thompson28/11/1990WansbeckSigned
Kenneth Eastham28/11/1990Manchester, BlackleySigned
Tom Cox28/11/1990TootingSigned
Alan Meale28/11/1990MansfieldSigned
Geoffrey Lofthouse28/11/1990Pontefract & CastlefordSigned
Tony Lloyd28/11/1990StretfordSigned
Martyn Jones30/11/1990Clwyd South WestSigned
John Garrett06/12/1990Norwich SouthSigned
Jim Cousins10/12/1990Newcastle upon Tyne CentralSigned
Doug Hoyle13/12/1990Warrington NorthSigned
Audrey Wise22/04/1991PrestonSigned
Ken Livingstone29/04/1991Brent EastSigned
Denzil Davies29/04/1991LlanelliSigned
Jeff Rooker07/05/1991Birmingham, Perry BarrSigned
Jimmy Hood09/05/1991ClydesdaleSigned

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