Clause 6 - Licence modifications: designated nuclear companies

Nuclear Energy (Financing) Bill – in the House of Commons at 6:45 pm on 10th January 2022.

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Votes in this debate

  • Division number 153
    A majority of MPs voted against requiring a report setting out the details, including funding and decommissioning arrangements, for each nuclear power project to be funded by directing funds from consumers, via electricity suppliers.

Amendment proposed: 9, in page 5, line 21, at end insert—

“(4A) The Secretary of State must lay a report before Parliament in respect of each project in relation to which a nuclear company has been designated under section 2(1) before exercising the power under section 6 (1), setting out—

(a) the expected overall capital cost of the prospective project,

(b) the expected up-front cost of the prospective projects,

(c) the general terms of the project for the sale of electricity onto the grid, including—

(i) a statement of whether the Government has offered the nuclear company a minimum floor price mechanism for the sale of electricity onto the National Grid,

(ii) the minimum floor price mechanism included in any arrangement including any inflationary or baseline indices, and

(iii) the duration in years of any such arrangement under sub-paragraph (ii); and

(d) how decommissioning costs of the project will be met, including in the event of insolvency of the nuclear energy company, setting out any role for—

(i) revenue collection contracts, including any percentage specifically dedicated to decommissioning costs;

(ii) protection of decommissioning payments for time of need;

(iii) insurances; and

(iv) consumer risk.”—(Alan Brown.)

In respect of new nuclear projects, this amendment would require the Secretary of State to lay before Parliament a report on the up-front and overall expected cost of the project, details of any agreement reached terms for the sale of electricity onto the National Grid and how decommissioning costs will be met, including in the event of the nuclear company becoming insolvent.

Question put, That the amendment be made.

Division number 153 Nuclear Energy (Financing) Bill — Clause 6 — Licence Modifications: Designated Nuclear Companies

A majority of MPs voted against requiring a report setting out the details, including funding and decommissioning arrangements, for each nuclear power project to be funded by directing funds from consumers, via electricity suppliers.

Aye: 207 MPs

No: 314 MPs

Ayes: A-Z by last name

Tellers

Nos: A-Z by last name

Tellers

Absent: 123 MPs

Absents: A-Z by last name

The House divided: Ayes 207, Noes 315.

Question accordingly negatived.

More than two hours having elapsed since the commencement of proceedings on the programme motion, the proceedings were interrupted (Programme Order, this day).

The Deputy Speaker put forthwith the Question necessary for the disposal of the business to be concluded at that time (Standing Order No. 83E).