In the second full year of operation, Nuclear Electric has improved its competitive position and increased operating profits are recorded. The long-term aim is to be profitable without the fossil-fuel levy. The operating record of Nuclear Electric`s Magnox and AGR power stations, progress on Sizewell-B and the decommissioning of Berkeley Station are recorded. The year 1991/92 is reviewed; the commercial, production and fuel operations are reported. Health and Safety - a main priority of Nuclear Electric is considered and Nuclear Electric`s environmental policy is stated. Human resources, public relations and international affairs are covered. A statistical summary including the accounts is included. (UK).