Annex A
SUMMARY OF BRITISH ENERGY'S NUCLEAR LIABILITIES
AT DIFFERENT DISCOUNT RATES
| | |
| | | |
| Nuclear liabilities at 31 March 2006 |
Undiscounted | Discounted
| | | |
|
| British Energy
calculation
| British Energy
accounts
3.0%
| DTI Accounts
2005-06
2.2% |
DTI calculation
at Green Book
rates
| NAO calculation
at Green Book
rates
| Difference
(overstatement) |
| (A) | (B)
| (C) | (D) |
(E) | (F) |
| £m | £m
| £m | £m
| £m | £m
|
| | |
| | | |
| Historic contracted | 2,874 |
2,245 | 2,391 | 2,162
| 2,1621 | -
|
| Uncontracted | 2,535 | 444
| 665 | 473 | 395
| 78 |
Spent fuel total | 5,409
| 2,689 | 3,056 | 2,635
| 2,557 | 78 |
| Decommissioning | 8,623 | 2,697
| 3,344 | 2,687 | 2,500
| 187 |
| All nuclear liabilities | 14,032
| 5,386 | 6,400 | 5,322
| 5,057 | 265 |
| | |
| | | |
| | |
| | | |
1 These liabilities will fall due within the next 30
years and therefore were discounted at the flat rate of 3.5% and
were unaffected by the taper.
Source: Shareholder Executive analysis of British Energy
data; Nuclear Decommissioning Authority.
|
