Tabled by
Lord Teverson
33: Clause 85, page 75, line 30, at end insert—
“(7A) Any decommissioning fund must be ring-fenced and held in an escrow account, or similarly ring- fenced fund.
(7B) The funds may be released only when—
(a) decommissioning work takes place;
(b) it is determined by the Secretary of State that the funds are no longer required for the purpose of decommissioning.”
Member's explanatory statement
This amendment ensures that funds for decommissioning are still available when required for decommissioning.