99 Amendment of section 29 of the Energy Act 2004
Finance Act 2006 (2006 c 25) | Legislation

Nuclear decommissioning

99  Amendment of section 29 of the Energy Act 2004

(1)     Section 29 of the Energy Act 2004 (c 20) (disregard for tax purposes of cancellation etc of decommissioning provisions) is amended as follows.

(2)     In subsection (1)—

(a)     in paragraph (a), for “relevant company” substitute “BNFL company”;

(b)     for paragraphs (b) and (c) substitute—

“(b)     that provision—

(i)     relates to decommissioning or cleaning-up which the NDA acquires or has acquired responsibility for securing by virtue of a direction under section 3, but

(ii)     is not provision recognised in order to reflect the terms or effect of a management contract between the company and the NDA; and

(c)     the responsibility referred to in paragraph (b)(i)—

(i)     includes the financial responsibility under section 21, or

(ii)     would do so but for the

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