PowerGen chief cashes in options
Tuesday 29 September 1998
PowerGen, Britain's second largest non-nuclear generator, won government approval last week for its pounds 1.9bn bid for electricity supplier East Midlands from Dominion Resources of the US.
A row over levels of pay for the heads of Britain's privatised utilities has been simmering over the summer between industry and the government, fiercely critical in opposition of so-called "fat cat" directors.
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