MHK wants answers over MEA debt

Michael MHK Alf Cannan will today quiz government on how it intends to deal with sizeable debts from the Manx Electricity Authority.

He’ll be asking new chairman of the MEA Howard Quayle in Tynwald when he will be speaking to Treasury regarding the contentious issue.

The MEA’s debts run into the hundreds of millions, and rack up an estimated £49,000 of interest on a daily basis.

Mr Cannan has previously asked if government would consider privatising the company, or if there was scope to wipe out the debt entirely.

He says whatever happens they need to act fast:

(PLAY AUDIO ABOVE)