Contributions
1,320 recent contributions in Hansard
HANSARDTidal Energy Generation: Ringfenced FundingI will try to fit in a response to the right hon. Gentleman. The purpose of the scheme is to support and push for only the most promising and competitive projects in the offing.…25 Nov 2021HANSARDNuclear Energy (Financing) Bill (Sixth sitting)I thank hon. Members for their speeches for and against amendment 18. I remind the Committee that a relevant licensee nuclear company, or RLNC, is one that has had its licence…25 Nov 2021HANSARDNuclear Energy (Financing) Bill (Sixth sitting)I have to confess that I am not able, at this moment, to shed light on subsection (7)(b) and why section 171 of the 2004 Act should be so amended. I pledge to write to the hon.…25 Nov 2021HANSARDNuclear Energy (Financing) Bill (Sixth sitting)Yes, I think I will write to the hon. Gentleman, if I may. I am told that it is to remove a double label in the legislation, so it is purely a tidying up exercise. I will write to…25 Nov 2021HANSARDNuclear Energy (Financing) Bill (Sixth sitting)As the hon. Gentleman just explained, new clause 1, tabled by himself and the hon. Member for Aberdeen North, seeks to place additional reporting requirements on the Secretary of…25 Nov 2021HANSARDNuclear Energy (Financing) Bill (Sixth sitting)At the point of the licence modification, we then go into the raising of the capital. Raising the capital may be more difficult, or be jeopardised, if that information has been…25 Nov 2021HANSARDNuclear Energy (Financing) Bill (Sixth sitting)The hon. Gentleman may be mixing up what is in the public domain and what is part of the negotiation. You will know, Mr Gray, that it is important for the Secretary of State to be…25 Nov 2021HANSARDNuclear Energy (Financing) Bill (Sixth sitting)The hon. Member raises a very good question. The negotiation is ongoing at the moment with Sizewell. I reiterate the point made by the Secretary of State that the learning process…25 Nov 2021HANSARDNuclear Energy (Financing) Bill (Sixth sitting)I thank the hon. Member for Kilmarnock and Loudoun for probing, but I will briefly point out two reasons why we cannot include his new clause in the Bill. First, the new clause…25 Nov 2021HANSARDNuclear Energy (Financing) Bill (Sixth sitting)I thank the hon. Gentleman for tabling the new clause. He is right that, in my view, it cannot be accepted into the Bill because it refers to granting rather than amending a…25 Nov 2021HANSARDNuclear Energy (Financing) Bill (Sixth sitting)New clause 4 would add another new report for the Secretary of State to lay before Parliament, as the hon. Gentleman said, to detail the funding that the Secretary of State would…25 Nov 2021HANSARDNuclear Energy (Financing) Bill (Sixth sitting)I thank the hon. Member for Kilmarnock and Loudoun for describing his proposed new clause 5. It is important to understand that the new clause, like the previous ones, would…25 Nov 2021HANSARDNuclear Energy (Financing) Bill (Sixth sitting)On a point of order, Mr Gray. I would like to thank you and Ms Fovargue for your excellent chairing of the Committee, getting us through this important process efficiently and…25 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fifth sitting)Welcome back to the Chair, Ms Fovargue. For the benefit of colleagues, I will speak briefly on the clause, which introduces part 2 of the Bill, and what that is all about. The…23 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fifth sitting)I thank both hon. Gentlemen for their contributions. I will try to be as helpful as I can. Rather than setting any hares running, it is essentially a very similar process to how…23 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fifth sitting)Here there will be a frequent resetting, which is likely to be twice yearly, in terms of the amount of money that has been collected, followed by a reconciliation at the end of…23 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fifth sitting)The regulations will be subject to the affirmative procedure, which, as the hon. Gentleman knows, will mean a debate in a Committee Room like this, and the potential to take the…23 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fifth sitting)The power in clause 16 will enable the Secretary of State to designate an eligible and consenting company or public authority to be the revenue collection counterparty for revenue…23 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fifth sitting)As the hon. Gentleman outlined, the amendment addresses what the regulations relating to revenue collection contracts may or must contain. The amendment relates to the duties of…23 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fifth sitting)Clause 18 builds on clause 17. Subsection (1) explicitly gives the Secretary of State the power to direct a revenue collection counterparty to offer to contract with a designated…23 Nov 2021