§ 23. Mr. PurchaseTo ask the President of the Board of Trade how much of the current liability for processing nuclear waste it is proposed that the British Energy Company will meet. [7911]
§ Mr. EggarThe final decisions on the precise split of assets and liabilities between the company remaining in the public sector—Nuclear Electric plc, to be renamed Magnox Electric plc—and the two companies to be privatized—Scottish Nuclear Ltd. and Nuclear Electric Ltd., as subsidies of British Energy plc—have not yet been taken.
We have established the basic principle that assets will be followed by the associated liabilities.