The UK government plans to sell a 25 per cent stake in nuclear group British Energy in a long-awaited move that will raise about £2.2bn at current share prices and help pay decommissioning costs for reactors. more
Wouldn't this be the same British Energy that was recently in such financial trouble because nuclear electricity was not competitive in the UK electricity market, that it had to be bailed out by the tax payer? Remember, all the old dodgy Magnox reactors already closing soon could not be sold off, so British Energy got the best lot.
And aren't these the decommissioning costs that are supposed to be part of the real costs of nuclear electricity, not paid for by the tax payer?
And what is the strategic stake of 29.9% that the government feels it needs to keep in this company? Or is that just to keep track of the plutonium?
And just who is going to want to buy this doubtful competitor in the market? All these reactors going to close by 2020, leaving only the decommissioning for the tax payer to pay for, I suppose. I suppose that could only be EdF who no doubt will buy the power stations for the sites, since it is highly unlikely that new nuclear plants will be built anywhere but on the sites of the old one.
And we all know how transparent the French nuclear industry is, and the exact separation between state aid and nuclear power, don't we?