Nuclear privatization
Abstract
The United Kingdom government announced in May 1995 plans to privatize the country`s two nuclear generating companies, Nuclear Electric and Scottish Nuclear. Under the plan, the two companies will become operating divisions of a unified holding company, to be called British Electric, with headquarters in Scotland. Britain`s nuclear plants were left out of the initial privatization in 1989 because the government believed the financial community would be unwilling to accept the open-ended liability of decommissioning the original nine stations based on the Magnox gas-cooled reactor. Six years later, the government has found a way around this by retaining these power stations in state ownership, leaving the new nuclear company with the eight Advanced Gas-cooled Reactor (AGR) stations and the recently completed Sizewell B PWR stations. The operating Magnox stations are to be transferred to BNFL, which operates two Magnox stations of their own at Calder Hall and Chapelcross.
- Authors:
- Publication Date:
- OSTI Identifier:
- 183345
- Resource Type:
- Journal Article
- Journal Name:
- Independent Energy
- Additional Journal Information:
- Journal Volume: 25; Journal Issue: 9; Other Information: PBD: Nov 1995
- Country of Publication:
- United States
- Language:
- English
- Subject:
- 29 ENERGY PLANNING AND POLICY; NUCLEAR POWER PLANTS; COMMERCIALIZATION; UNITED KINGDOM; GOVERNMENT POLICIES; DECOMMISSIONING; OWNERSHIP; NUCLEAR INDUSTRY; ELECTRIC POWER INDUSTRY
Citation Formats
Jeffs, E. Nuclear privatization. United States: N. p., 1995.
Web.
Jeffs, E. Nuclear privatization. United States.
Jeffs, E. 1995.
"Nuclear privatization". United States.
@article{osti_183345,
title = {Nuclear privatization},
author = {Jeffs, E},
abstractNote = {The United Kingdom government announced in May 1995 plans to privatize the country`s two nuclear generating companies, Nuclear Electric and Scottish Nuclear. Under the plan, the two companies will become operating divisions of a unified holding company, to be called British Electric, with headquarters in Scotland. Britain`s nuclear plants were left out of the initial privatization in 1989 because the government believed the financial community would be unwilling to accept the open-ended liability of decommissioning the original nine stations based on the Magnox gas-cooled reactor. Six years later, the government has found a way around this by retaining these power stations in state ownership, leaving the new nuclear company with the eight Advanced Gas-cooled Reactor (AGR) stations and the recently completed Sizewell B PWR stations. The operating Magnox stations are to be transferred to BNFL, which operates two Magnox stations of their own at Calder Hall and Chapelcross.},
doi = {},
url = {https://www.osti.gov/biblio/183345},
journal = {Independent Energy},
number = 9,
volume = 25,
place = {United States},
year = {Wed Nov 01 00:00:00 EST 1995},
month = {Wed Nov 01 00:00:00 EST 1995}
}