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Energy Act 2004

Section 42: Transfer of Nuclear Liabilities Investment Portfolio

160.Section 42 provides for the transfer of BNFL’s Nuclear Liabilities Investment Portfolio to the Secretary of State and the subsequent payment of the sums involved - whether cash transferred or money received as a consequence of realising assets forming part of the NLIP – into the Consolidated Fund.

161.At 31 March 2003, the NLIP had a total value of £3.84 billion made up of around £2.34 billion in cash and Government gilts and £1.5 billion in short term fund-managed investments.

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