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Energy Act 2004

Section 80: Additional functions of UKAEA

222.Section 80 ensures that UKAEA will have sufficient statutory powers to operate in the new UK nuclear clean up market. It provides that UKAEA:

  • can set up site licensee companies, site management companies, joint ventures or subsidiaries in order to bid for NDA site management contracts, including for non-UKAEA sites.

  • has powers to run nuclear pensions schemes and, subject to approval by the Secretary of State, public service pension schemes other than the UKAEA pensions scheme.

  • has powers to manage and commercially exploit the property it owns, where it no longer requires that property for its other functions.

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