About us

What we do

We provide impartial scrutiny and advice on the suitability of the Funded Decommissioning Programme (FDP), submitted by operators of new nuclear power stations. The Board advises the Secretary of State on the financial arrangements that operators submit for approval, and on the regular review of funding. NLFAB’s advice to the Secretary of State on the Funding Arrangements Plan for the Hinkley Point C nuclear power station was published on 29 September 2016 alongside the Funded Decommissioning Plan for Hinkley and related documents.

Responsibilities

DECC created the independent Nuclear Liabilities Financing Assurance Board (NLFAB) to provide impartial scrutiny and advice on the suitability of the Funded Decommissioning Programmes (FDPs), submitted by prospective operators of new nuclear power stations.

We advise the Secretary of State on:

  • the financial arrangements that operators submit for approval
  • the regular review and ongoing scrutiny of funding

Terms of Reference

NLFAB Terms of Reference

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Priorities

The NLFAB’s priority is to ensure that operators of new nuclear power stations have secure financing arrangements in place to meet the full costs of decommissioning and their full share of waste management and waste disposal costs.

Any operator of a new nuclear power station must have a Funded Decommissioning Programme, approved by the Secretary of State, in place before nuclear-related construction can begin.

Read the minutes from the Board’s meetings from September 2012 onwards.

Minutes from the previous NLFAB meetings are available on the National Archive website

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