Nuclear Liabilities Fund

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The Nuclear Liabilities Fund was created by the British Government in November 2004 to assume the long-term financial liabilities from spent nuclear fuels. The Fund is a mixture of state-funding (estimated between £175m and £200m) and private contributions (British Energy is required under its restructuring to provide 65 per cent of its profits to the fund). The Fund also acts as a creditor to British Energy, with a maximum of £275m (out of the Government's maximum of £700m) provided.

[edit] See also

• Nuclear power in the United Kingdom

[edit] External links

• Planet Ark: UK nuclear liability fund gets go-ahead
• February 25, 2006, The Guardian: Bill to clean up nuclear sites rises by nearly £1bn