This blog is pleased this deal is going ahead, otherwise the lights will surely go out. But who would have guessed that the ultimate outcome of privatizing the power industry would be that it would end up owned by foreign governments? If anybody wants clear evidence of the implosion of Thatcherism, this is it. And the fact that we are all going to have to pay double the market value for the electricity produced in order to finance the construction, just rubs our noses in it.