§ Mr. MorganTo ask the President of the Board of Trade what restrictions exist on the purposes on which Nuclear Electric may spend payments received from the262W nuclear levey; what amounts and proportion of such funds have been spent on (a) decommissioning costs and (b) other costs; and if he will make a statement.
§ Mr. EggarNuclear Electric receives income from two main sources: premimum payments on a given proportion of its output, which is financed by the levy; and revenue from electricity sales into the pool. From this total income —the management of which is the responsibility of Nuclear Electric's board—the company must finance its current operations and make provisions in respect of longer term liabilities. Income from the levy is not hypothecated to any one activity. Nuclear Electric's payments against provisions are clearly set out in the company's report and accounts, a copy of which rests in the Library of the House of Commons.