Contributions
1,496 recent contributions in Hansard
HANSARDNuclear Energy (Financing) Bill (Third sitting)I beg to move amendment 3, in clause 2, page 2, line 14, at end insert— “(c) the Secretary of State is of the opinion that the nuclear company is able to complete the nuclear…18 Nov 2021HANSARDNuclear Energy (Financing) Bill (Fourth sitting)This really worries me. What does the Minister think consumers are doing in contributing to a RAB process? If the Minister does not think that that is in any way a form of…18 Nov 2021HANSARDNuclear Energy (Financing) Bill (Second sitting)Q This question is for Stephen and Doug. In the Bill, there is a mechanism to put a special administration regime in place if the constructor of the project defaults or is unable…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Q Which is what? Julia Pyke: As the Government have put in their impact assessment, you can run this at percentages over inflation that equate to the existing market in investing…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Q But we do not know how much? Julia Pyke: We cannot know how much, because it will be set in the future through competition.16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Q You have absolutely correctly drawn attention to the impact assessment, which as you know projects a number of hurdle rates that could transpire below the 9% that is effectively…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Q Ms Pyke, you mentioned that you are basically responsible for getting the money in for Sizewell C. What hurdle rate do you anticipate that the investments will come in at as a…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)But you are not able to help us this morning. Julia Pyke: I do not think anybody is questioning the assumption that, in moving to a RAB from a contract for difference model, the…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Q I think Springfields has a series of difficulties in the continuation of its nuclear fuel and nuclear rods business. What difference would the construction of Sizewell C make to…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Q Mr Waite, Westinghouse is the owner of Springfields Fuels. Michael Waite: That is correct.16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Q Mr Powell, Hitachi was very much involved with the Horizon consortium that pulled out of other nuclear plants a little while ago, which I believe was on the grounds that they…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (First sitting)Q Good morning. Could I start with the Sizewell C company, and could you let me know, from the point of view of the company that has been set up for the purpose of developing…16 Nov 2021HANSARDGlobal Gas PricesI think the technically correct answer to the question posed by my hon. Friend the Member for Birmingham, Ladywood (Shabana Mahmood) is (a) none and (b) none. The Secretary of…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (Second sitting)Q Stephen, do you have any views on that? Professor Thomas: I think the problem is not the need for a special administrative regime to rescue things if it all goes badly wrong in…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (Second sitting)Q I presume the Nuclear Industry Association has been informed of the decisions that were reached in the recent Budget about funding that has been put aside in the Red Book—£1.7…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (Second sitting)Yes, basically. Tom Greatrex: You will recall, I am sure, the original arrangements that were made to facilitate Chinese investment in UK nuclear. China General Nuclear, who are…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (Second sitting)Q Good afternoon, ladies and gentlemen. Good afternoon, Tom—I ought to explain that I have known Tom Greatrex for a very long time, and we go back a long way on a number of these…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (Second sitting)So that is the window, essentially? Chris Ball: Yes.16 Nov 2021HANSARDNuclear Energy (Financing) Bill (Second sitting)Q Mr Ball, you mentioned the availability of engineers and the possibility of transferring skills and expertise between sites to save costs and time. What timetable is likely to…16 Nov 2021HANSARDNuclear Energy (Financing) Bill (Second sitting)Q So it is just about possible by the early 2030s if all these things work together. Alan Woods: No, it is eminently possible by the 2030s; it is very doable.16 Nov 2021