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Nuclear Trust: Finance

Volume 496: debated on Thursday 16 July 2009

To ask the Secretary of State for Energy and Climate Change what assets are held by the Nuclear Trust; and what his most recent estimate is of their monetary value. (285091)

The Nuclear Trust owns the Nuclear Liabilities Fund which is responsible for meeting the decommissioning cost of British Energy’s existing nuclear power stations, together with defuelling costs and certain British Energy uncontracted liabilities. Some 90 per cent. of the fund’s assets are invested in deposits in public sector accounts but there is also a portfolio of equities and property. The most recent estimate of the value of the fund’s assets, as at 31 March 2009, is £8.276 million.