How Long to Read The sale of the Government's interest in British Energy

How Long Does it Take to Read The sale of the Government's interest in British Energy?

It takes the average reader and 40 minutes to read The sale of the Government's interest in British Energy by Great Britain: Parliament: House of Commons: Committee of Public Accounts

Assuming a reading speed of 250 words per minute. Learn more

Description

This report, the 22nd from the Public Accounts Committee (HCP 356, session 2009-10, ISBN 9780215545084), looks at the sale of the Government's interest in British Energy. In January 2009, the Government sold its 36 per cent interest in British Energy, as part of EDF's purchase of the Company. The sale had potentially important implications for future energy security as British Energy, though not financially strong enough to invest in new nuclear power stations itself, owned land viewed by industry as being in the most suitable places for them. The Department did not, however, secure a binding commitment from EDF to build new nuclear power stations. The report adds it also failed to establish whether EDF had previously built any new nuclear power stations without public subsidy. A number of factors, including planning decisions, could result in EDF abandoning its plans to build new nuclear powers stations, with or without public subsidy. The Shareholder Executive hired investment bankers UBS at a cost of £4 million, equivalent to a monthly payment of around £400,000, to advise on sale tactics, assist with negotiations and provide valuations of British Energy. The Committee considers it unacceptable that the Shareholder Executive considered it necessary to spend so much on external advice when it is supposed to possess expertise in these areas. The Government was fortunate in selling its interest in British Energy when energy prices were at a peak. The £4.4 billion sale proceeds were allocated to the Nuclear Liabilities Fund, to put towards the future cost of decommissioning British Energy's existing power stations.

How long is The sale of the Government's interest in British Energy?

The sale of the Government's interest in British Energy by Great Britain: Parliament: House of Commons: Committee of Public Accounts is 40 pages long, and a total of 10,000 words.

This makes it 13% the length of the average book. It also has 12% more words than the average book.

How Long Does it Take to Read The sale of the Government's interest in British Energy Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 54 minutes to read The sale of the Government's interest in British Energy aloud.

What Reading Level is The sale of the Government's interest in British Energy?

The sale of the Government's interest in British Energy is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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