HC Deb 21 January 2003 vol 398 c234W
Mr. Carmichael

To ask the Secretary of State for Trade and Industry (1) what the value is of British Energy's Decommissioning Fund; and what the value was in each year since 1993; [91926]

(2) how much British Energy has paid into the Decommissioning Fund in each year since 1995. [91922]

Mr. Wilson

The Nuclear Decommissioning Fund was established in 1996 when British Energy was privatised. The value of, and British Energy's annual contribution to, the Fund are reported annually in the company's report and accounts. On 28 November 2002, British Energy announced a restructuring proposal intended to achieve the long-term viability of the company, including new and enhanced arrangements to fund decommissioning and other back-end nuclear liabilities. The proposal is currently being considered by the company's creditors. A copy of the company's announcement was placed in the Libraries of the House.

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