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Title: Some legal issues of utility privatisation and regulation
Author: Balogh, Joseph
Awarding Body: University of Edinburgh
Current Institution: University of Edinburgh
Date of Award: 1998
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1. So far as the utilities sector is concerned, privatisation is NOT the antithesis of nationalisation: the state does not withdraw from the provision of telecommunication, electricity, gas and water services after privatisation. The Secretary of State is a key decision-maker and seems to interfere with the running of utility companies. 2. The main forms of government interference post-privatisation are: i. regulation, ii. residual government stakes, iii. Golden shares, iv. Government Appointed Directors and v. liberalisation of utility services. 3. Privatisation legalisation provides that disappointed utilities or their customers may apply for judicial review. The thesis will argue that judicial review is NOT the best dispute resolution technique in Britain: as a main rule judges do not intend to be involved in the regulatory game. 4. It is an open question how the overall success of a privatisation project shall be assessed. There are a number of transactions which do not live up to expectations. The thesis will consider some of them and will try to explore what alternative privatisation techniques would have been available. 5. The English and Welsh electricity sector has been reorganized five years after the initial disposals: ten regional electricity companies have been taken over. The thesis will analyse the "Big REC Race" in detail. 6. Utility privatisation in Central and Eastern Europe will be on the agenda in the near future. The thesis will discuss the sale of the Hungarian gas distribution companies - the main question here will be how utility privatisation may be transplanted to Central and Eastern Europe. This part of the thesis will make a number of comparative points.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available