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Lord Petitgas (Con)

Speaking in the House of Lords on 15 January 2025

Debate

Great British Energy Bill

Contribution

My Lords, I too would like to voice my support for Amendments 88 and 89. I will be brief. The timing and regularity of this reporting seems to be normal, standard housekeeping. It is not onerous, and it is legitimate. On the substance, as I said on the previous day in Committee, this is not an operating company which would report, like Ørsted or others; this is a portfolio of investments. It would be a number of minority investments; this company will not be operating assets. The Member opposite seems to be sceptical, but it will be a collection of small investments. Therefore, it will be more complex to track, and it will be important that it is clearly stated in the accounts. Amendment 89 states that.

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