Nuclear Energy (Financing) Act 2022. Country/Territory United Kingdom Document type Legislation Date 2022 (2022) Source FAO, FAOLEX Long titleAn Act to make provision for the implementation of a regulated asset base model for nuclear energy generation projects; for revenue collection for the purposes of that model; for a special administration regime for licensees subject to that model; and about the circumstances in which bodies corporate are not associated with site operators for the purposes of programmes relating to funding the decommissioning of nuclear sites. Subject Energy Keyword Business/industry/corporations Contract/agreement Nuclear energy Authorization/permit Subsidy/incentive Geographical area Atlantic Ocean Islands, Europe, Europe and Central Asia, North Atlantic, North Sea, North-East Atlantic, Northern Europe Abstract The purpose of the Act is to facilitate investment in new nuclear power stations. Part 1 Nuclear energy generation projects: regulated asset base model contains procedure of designation of nuclear company, expiry, revocation or laps of designation. It also identifies situations for license modification and procedures for implementing it. Part 2 concerns revenue collection contract; section 15 and 16 recognizes on Secretary of State’s power to make regulations relating to revenue collection contracts between a revenue collection counterparty and a nuclear company, and the required parliamentary process for making those regulations. and to designate a company registered in England and Wales or Scotland or a public authority, with the consent of that person, to act as the counterparty to revenue collection contracts. Section 17 contains duties of a revenue collection counterparty. Full text English Website www.legislation.gov.uk