Amendments — Nuclear Energy (Financing) Act 2022

Proposed amendments

34 amendments across 9 provisions

Clause 1 2

Amendment #91789#91789WithdrawnAmends text

Amendment text

at end insert—
“Owned by a foreign power” means owned by a company controlled by a foreign state and operating for investment purposes.”

Stage: Committee stage
Type: EditBillBody
Clause: 1

Amendment #91832#91832WithdrawnAmends text

Amendment text

at end insert—
“Nuclear energy generation” includes the generation of energy by either nuclear fission or nuclear fusion.”

Stage: Committee stage
Type: EditBillBody
Clause: 1

Clause 2 14

Amendment #91487#91487Not movedAmends text

Amendment text

at end insert—
the Secretary of State is of the opinion that the United Kingdom’s generation capacity will include sufficient backup capability should the nuclear energy generation project suffer significant outages or be unable to generate electricity entirely, and has laid before Parliament a report setting out the reasons for that opinion.”

Stage: Committee stage
Type: EditBillBody
Clause: 2

Amendment #91488#91488WithdrawnAmends text

Amendment text

at end insert “and has laid a report before Parliament setting out the reasons for that opinion, including—
an estimate of the electricity price payable to the company over the period during which the nuclear energy generation project is generating electricity, and the modelling, assumptions and all relevant material underlying such an estimate;

Stage: Committee stage
Type: EditBillBody
Clause: 2

Amendment #91498#91498Not movedAmends text

Amendment text

at end insert—
In this section “sufficiently advanced” has the meaning given to it by guidance published by the Department for Business, Energy and Industrial Strategy.”

Stage: Committee stage
Type: EditBillBody
Clause: 2

Amendment #91499#91499WithdrawnAmends text

Amendment text

leave out from “project” to end and insert “will result in value for money, as evidenced by the publication of the Value for Money assessments conducted to date.”

Stage: Committee stage
Type: EditBillBody
Clause: 2

Amendment #91526#91526Not movedAmends text

Amendment text

at end insert—
the nuclear company is a company registered in England and Wales or in Scotland.”

Stage: Committee stage
Type: EditBillBody
Clause: 2

Amendment #91527#91527Not movedAmends text

Amendment text

at end insert—
the nuclear company is one or more of the following—

The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.

Stage: Committee stage
Type: EditBillBody
Clause: 2

Amendment #91530#91530WithdrawnAmends text

Amendment text

at end insert “and
a geological disposal facility for the disposal of high-level nuclear waste has been constructed in the United Kingdom and is operational, such that the full life costs of construction and decommissioning of a nuclear energy generation project can be accurately quantified prior to designation.”

Stage: Committee stage
Type: EditBillBody
Clause: 2

Amendment #91787#91787Not movedAmends text

Amendment text

at end insert—
the Secretary of State is of the opinion that—

The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.

Stage: Committee stage
Type: EditBillBody
Clause: 2

Amendment #91788#91788Not movedAmends text

Amendment text

at end insert—
the nuclear company is not owned, wholly or in part, by a foreign power, and

Stage: Committee stage
Type: EditBillBody
Clause: 2

Amendment #91834#91834Not movedAmends text

Amendment text

insert—
the Secretary of State is satisfied that the identity of any party which directly or indirectly owns or controls more than 10% of the nuclear company has been verified.”

Stage: Committee stage
Type: EditBillBody
Clause: 2

Amendment #92383#92383Not movedAmends text

Amendment text

at end insert—
the Secretary of State is satisfied that the identity of any party (“X”) which meets one or more of the following conditions in relation to the nuclear company (“Y”) has been verified—

The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.

Stage: Report stage
Type: EditBillBody
Clause: 2

Amendment #92385#92385WithdrawnAmends text

Amendment text

leave out from “project” to end and insert “will result in value for money, as evidenced by the publication of the Value for Money assessments conducted to date.”

Stage: Report stage
Type: EditBillBody
Clause: 2

Amendment #92386#92386Not movedAmends text

Amendment text

at end insert—
the Secretary of State—

The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.

Stage: Report stage
Type: EditBillBody
Clause: 2

Amendment #92390#92390DisagreedAmends text

Amendment text

at end insert—
the nuclear company is not owned, wholly or in part, by a foreign power or entity listed in regulations made under section (Barring of certain foreign powers or entities from involvement in UK civil nuclear projects).”

Stage: Report stage
Type: EditBillBody
Clause: 2

Clause 3 10

Amendment #91481#91481Not movedAmends text

Amendment text

at end insert—
detail of any public funding agreed as part of the project development and the services being provided for this funding.”

Stage: Committee stage
Type: EditBillBody
Clause: 3

Amendment #91486#91486Not movedAmends text

Amendment text

at end insert—
publish an independent assessment of the impact on consumer energy bills.”

Stage: Committee stage
Type: EditBillBody
Clause: 3

Amendment #91497#91497WithdrawnAmends text

Amendment text

at end insert—
the relevant upper tier local authority covering the site for the nuclear project;”

Stage: Committee stage
Type: EditBillBody
Clause: 3

Amendment #91786#91786Not movedAmends text

Amendment text

at end insert—
Where conditions are imposed under subsection (5)(c), these may include duties on the nuclear company to—

The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.

Stage: Committee stage
Type: EditBillBody
Clause: 3

Amendment #91830#91830Not movedAmends text

Amendment text

at end insert—
impose conditions providing for—

The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.

Stage: Committee stage
Type: EditBillBody
Clause: 3

Amendment #91831#91831Not movedAmends text

Amendment text

at end insert—
details of conditions imposed by the Secretary of State under subsection (6)(c), and”

Stage: Committee stage
Type: EditBillBody
Clause: 3

Amendment #91917#91917Not movedAmends text

Amendment text

at end insert “, including—
the anticipated electricity generation of the nuclear project, and

Stage: Committee stage
Type: EditBillBody
Clause: 3

Amendment #91927#91927Not movedAmends text

Amendment text

at end insert—
persons living or regularly working within a 50 mile radius of the proposed site;”

Stage: Committee stage
Type: EditBillBody
Clause: 3

Amendment #92388#92388Not movedNew clause / schedule

Amendment text

Insert the following new Clause—
“Barring of certain foreign powers or entities from involvement in UK civil nuclear projects

Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.

Stage: Report stage
Type: AddClauseOrSchedule
Clause: 3

Amendment #92389#92389WithdrawnAmends text

Amendment text

at end insert—
Where conditions are imposed under subsection (5)(c), these may include duties on the nuclear company to—

The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.

Stage: Report stage
Type: EditBillBody
Clause: 3

Clause 5 2

Amendment #92381#92381Not movedNew clause / schedule

Amendment text

Insert the following new Clause—
“Changes in significant control of designated nuclear companies to be notified

Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.

Stage: Report stage
Type: AddClauseOrSchedule
Clause: 5

Amendment #92382#92382Not movedAmends text

Amendment text

leave out “either” and insert “any”

Stage: Report stage
Type: EditBillBody
Clause: 5

Clause 13 1

Amendment #92384#92384Not movedNew clause / schedule

Amendment text

Leave out Clause 13 and insert the following new Clause—
“Sensitive material

Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.

Stage: Report stage
Type: AddClauseOrSchedule
Clause: 13

Clause 19 1

Amendment #92047#92047DisagreedAmends text

Amendment text

at end insert—
Revenue regulations must make provision to prevent electricity suppliers from recovering the costs of paying a revenue collection counterparty from customers claiming Universal Credit, or any legacy benefits specified in the regulations.”

Stage: Report stage
Type: EditBillBody
Clause: 19

Clause 31 1

Amendment #92387#92387WithdrawnAmends text

Amendment text

at end insert—
Nothing in this Part prevents the Secretary of State establishing a Government-owned company into which the assets, liabilities and undertakings of the relevant licensee nuclear company may be transferred in order to allow electricity supply to be commenced or continued.”

Stage: Report stage
Type: EditBillBody
Clause: 31

Clause 41 1

Amendment #92327#92327Not movedNew clause / schedule

Amendment text

Insert the following new Clause—
“UK Green Taxonomy

Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.

Stage: Report stage
Type: AddClauseOrSchedule
Clause: 41

Clause 44 2

Amendment #92391#92391Not movedAmends text

Amendment text

at end insert—
Part 3 (except as mentioned in subsection (1)(c)) comes into force on such day as the Secretary of State may by regulations appoint, but the Secretary of State may not appoint such a day unless the Secretary of State—

The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.

EnactedNuclear Energy (Financing) Act 2022

Clause 1 2

Clause 2 14

Clause 3 10

Clause 5 2

Clause 13 1

Clause 19 1

Clause 31 1

Clause 41 1

Clause 44 2