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The Department of Energy and Climate Change (DECC) is creating an independent Nuclear Liabilities Financing Assurance Board (NLFAB) to provide independent scrutiny and advice on the suitability of the funded decommissioning programme (FDP) submitted by operators of new nuclear power stations. The NLFAB will advise the Secretary of State on the financial arrangements that operators submit for approval which will form part of the FDP. The NLFAB will also provide advice to the Secretary of State on the regular review and ongoing scrutiny of funding arrangements.
The policy objectives behind the formation of the Nuclear Liabilities Financing Assurance Board were set out in the Consultation on funded decommissioning programme guidance for new nuclear power stations.
In November 2008 Lady Balfour of Burleigh was appointed as Chairman of the NLFAB. Members of this Board are currently being recruited. Details of membership and the Board’s activities will be available on this website in due course.
NLFAB Secretariat
Office for Nuclear Development
Bay 127, 1 Victoria Street, London, SW1H 0ET
nlfab@berr.gsi.gov.uk
