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Plan to merge water and electricity authorities

Wed, 19 Jun 2013

Tynwald members yesterday learned of a possible plan to merge the Manx Electricity Authority and the Water and Sewerage Authority.

The MEA is currently saddled with huge debts which carry vast interest costs of roughly £50,000 per day.

It’s thought that by creating a single utility authority there would be potential for significant efficiency savings.

If a merger went ahead it would create the chance to trade at a surplus meaning Treasury loans wouldn’t need to be written off or an enforced sale of assets.

However MEA chairman Howard Quayle told Tynwald he and his fellow MEA members had no part in formalising this proposal:

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• Howard Quayle