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Central Electricity Generating Board (Insurance)

Volume 124: debated on Wednesday 9 December 1987

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To ask the Secretary of State for Energy what information he has on the total insurance cover held by the Central Electricity Generating Board for (a) nuclear power stations and (b) other power stations in respect of (i) damage to property owned by the board, (ii) potential claims by employees of the board and (iii) potential claims by third parties; and what is the cost of this insurance cover in each case.

Under the Nuclear Installations Act 1965 (as amended) nuclear power station operators must provide financial security of £20 million, by insurance or otherwise, to meet claims for injury or damage arising from a nuclear accident. The costs of this insurance cover and the extent and cost of insurance against other risks are matters for the Central Electricity Generating Board.