COMMISSION DECISION
of 4 April 2006
on the State Aid which the United Kingdom is planning to implement for the establishment of the Nuclear Decommissioning Authority
(notified under document number C(2006) 650)
(Only the English text is authentic)
(Text with EEA relevance)
(2006/643/EC)
1. PROCEDURE
2. DETAILED DESCRIPTION OF THE AID
|
Non-commercial |
Commercial |
Total Liabilities |
Magnox stations sites (except Calder Hall/Chapelcross) |
0 |
3,9 |
3,9 |
Sellafield site (except Calder Hall station) |
3,8 |
10,1 |
13,9 |
Calder Hall/Chapelcross(5) |
0,2 |
0,6 |
0,9 |
Springfields site |
0,1 |
0,2 |
0,2 |
Capenhurst site |
0 |
0,2 |
0,3 |
Total |
4,1 |
15,1 |
19,1 |
Total commercial nuclear liabilities |
-14,7 |
Magnox stations future cash flows |
-0,1 |
Sellafield operations cash flow (THORP & SMP) |
2,3 |
Springfields future cash flows |
0,2 |
Nuclear Liabilities Investment Portfolio |
4,3 |
Magnox Undertaking |
7,9 |
Other customer contributions not included above |
0,2 |
Cash and liquid assets |
0,1 |
Total |
0,0 |
3. GROUNDS FOR OPENING THE PROCEDURE
4. COMMENTS FROM INTERESTED PARTIES
5. COMMENTS FROM THE UNITED KINGDOM ON THE OPENING OF PROCEDURE
6. REPLIES FROM THE UNITED KINGDOM TO COMMENTS FROM INTERESTED PARTIES
7. ASSESSMENT
7.1. Euratom treaty
7.2. Aid within the meaning of Article 87(1) of the EC Treaty — Application of the polluter-pays principle.
7.3. Aid within the meaning of Article 87(1) of the EC Treaty — Absence of aid to BNFL.
7.3.1. Analysis under the first reference system (decommissioning costs as investment costs).
Total Economic Nuclear Liabilities |
-15,1 |
Sellafield operations cash flow (THORP & SMP) |
2,6 |
Springfields future cash flows |
0,2 |
Magnox future cash flows |
0,2 |
Magnox Undertaking |
8,3 |
Nuclear Liabilities Investment Portfolio |
4,0 |
Other customer contributions not included above |
0,3 |
Cash and liquid assets |
0,7 |
Total |
1,1 |
7.3.2. Analysis under the second reference system (pollution costs as operating costs).
Non-Thorp and Non-SMP liabilities allocated to BNFL |
a |
|
-8,0 |
Thorp and SMP liabilities allocated to BNFL |
b |
|
-1,4 |
Total Liabilities to be funded by BNFL |
c |
a+b |
-9,4 |
Funds to be provided to NDA |
|
|
|
Magnox Undertaking |
d |
|
8,3 |
NLIP |
e |
|
4,0 |
THORP and SMP Future Cash flows |
f |
|
2,6 |
Other assets |
g |
|
0,7 |
Total value of funds |
h |
d+e+f+g |
15,6 |
Funds provided to BNFL under Magnox transaction |
|
|
|
Magnox Undertaking |
i |
|
-5,3 |
Other funds |
j |
|
-4,0 |
Subtract total funds provided to BNFL |
k |
I+j |
-9,4 |
Value of net funds |
l |
h-k |
6,2 |
Liabilities discharged by BNFL |
m |
|
5,1 |
Funds Provided towards liabilities |
n |
l+m |
11,4 |
Result of BNFL administration |
o |
n-c |
2,0 |