UK draft law underpins British Energy rescue
The UK government has published draft legislation underpinning a rescue package for the ailing nuclear energy firm British Energy, which it bailed out financially last September (EED 20/09/02). Under the package, outlined in November, the government pledged to provide a "significant" contribution to the UK£2bn (€3.06bn) costs of managing the firm's historic liabilities, essentially spent fuel reprocessed at BNFL's Thorp plant. Under EU state aid rules the package must be approved by the European Commission. See draft law and explanatory note.
The full text of this article is only available to subscribers and free trialists. To login,please enter your email address and subscriber access code below.