Business, Energy and Industrial Strategy
(2 years, 4 months ago)
Ministerial CorrectionsRead Hansard Text Read Debate Ministerial Extracts
Lee Rowley
That means that if this works, and we have confidence that it will, the risk to the public purse is minimised because companies pay on results, not on proposal, and because a set of companies and individual actors will be entering into a contract to ensure that they price the risk of delivery appropriately and deliver it to get a long-term revenue source from the Government.
[Official Report, Fifth Delegated Legislation Committee, 29 June 2022, Vol. 717, c. 8.]
Letter of correction from the Parliamentary Under-Secretary of State for Business, Energy and Industrial Strategy (Lee Rowley).
An error has been identified in my response to the debate.
The correct response should have been:
Lee Rowley
That means that if this works, and we have confidence that it will, the risk to the public purse is minimised because companies pay on results, not on proposal, and because a set of companies and individual actors will be entering into a contract to ensure that they price the risk of delivery appropriately and deliver it to get a long-term revenue source from a water company and its customers.
Lee Rowley
The order, however, relates to the arrangement between two private parties—the water companies and first-tier building contractors—though admittedly for a piece of infrastructure that will be important to the citizenry of the United Kingdom.
[Official Report, Fifth Delegated Legislation Committee, 29 June 2022, Vol. 717, c. 9.]
Letter of correction from the Parliamentary Under-Secretary of State for Business, Energy and Industrial Strategy (Lee Rowley).
An error has been identified in my response to the debate.
The correct response should have been:
Lee Rowley
The order, however, relates to the arrangement between two private parties—the water companies and SPVs—though admittedly for a piece of infrastructure that will be important to the citizenry of the United Kingdom.