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Electricity Act 1989

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This is the original version (as it was originally enacted).

1(1)Subject to paragraph 4 below, the Secretary of State may, with the approval of the Treasury, make grants of such amounts as he thinks fit towards qualifying expenditure, that is to say, expenditure incurred or to be incurred by any person in connection with—

(a)the storage or reprocessing of nuclear fuel;

(b)the treatment, storage or disposal of radioactive waste; or

(c)the decommissioning of any installation the operation of which requires a licence under section 1 of the [1965 c. 57.] Nuclear Installations Act 1965.

(2)Subject to paragraph 4 below, the Secretary of State may, with the approval of the Treasury, enter into an agreement with any person under which the Secretary of State undertakes that, if such conditions as may be specified in the agreement are satisfied, he will exercise the power conferred by this paragraph in such manner and to such extent as may be specified in the agreement.

(3)A grant under this paragraph may be made at such times, in such manner and subject to such conditions as the Secretary of State with the approval of the Treasury may determine.

(4)Any sums required by the Secretary of State for making grants under this paragraph shall be paid out of money provided by Parliament.

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