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Electricity Industry

Volume 404: debated on Tuesday 29 April 2003

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To ask the Secretary of State for Trade and Industry what drawdowns have been made in relation to the rescue and loan facility for British Energy; when they were made; what repayments have been made, and when; and how much of the money drawn down was (a) requested and (b) used (i) for functions essential to safety and (ii) to address safety issues identified by the World Association of Nuclear Operators in 2001. [109526]

Details of individual payments are a matter for the company. The credit facility has been provided to British Energy in respect of its working capital requirements and cash collateral for its trading activities. As my right hon Friend the Secretary of State for Trade and Industry told the House on 7 March, Official Report, column 89WS British Energy have repaid all outstanding amounts under the credit facility.