Corporate Governance and the Nuclear Industry
Corporate Governance and the Nuclear Industry

Author: Barry Pemberton

Publisher: Routledge

Published: 2015-09-16

Total Pages: 329

ISBN-13: 1317398084

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Corporate Governance and the Nuclear Industry explores the UK nuclear Legacy - governance issues associated with the decommissioning of a range of early-generation civil nuclear facilities. This book traces how we got here and the risks that have been taken, whilst presenting new research and thinking that is required to manage our nuclear Legacy. The book addresses a new analytical approach using notions of governance to review key historic events. This approach analyses these events using concepts of stakeholder control, accountability and regulation. Using these concepts and undertaking a more detailed analysis of the Legacy’s current governance arrangements; the conventional public sector-based solutions that attempt to harness private sector expertise, this book will contrast these with government responses to determine the degree of control over the Legacy and any possible control issues. Corporate Governance and the Nuclear Industry concludes that we need to recognise the legacy’s problems as exceptional rather than prosaic, and suggests that this requires exceptional governance solutions rather than the current form that is clearly failing.

Let There Be Light!
Let There Be Light!

Author: Robert S. Dutch

Publisher: Wipf and Stock Publishers

Published: 2017-06-16

Total Pages: 225

ISBN-13: 1498291503

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Have you ever wondered what it is like to work on a nuclear power plant? Robert Dutch worked in the UK's nuclear industry for many years as a scientist and then as a tutor at a nuclear training center. He also holds degrees in theology. Drawing upon his qualifications and experience Robert addresses the controversial issue of nuclear power from a Christian perspective. In contrast to a negative nuclear narrative often portrayed, he presents a positive nuclear narrative alongside other ways of generating electricity. Be prepared to be challenged to think seriously about nuclear's merits in providing clean, low-carbon electricity.

Nuclear Decommissioning Authority
Nuclear Decommissioning Authority

Author: Great Britain: Parliament: House of Commons: Committee of Public Accounts

Publisher: The Stationery Office

Published: 2013-02-04

Total Pages: 46

ISBN-13: 9780215053237

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The Nuclear Decommissioning Authority (the Authority) was set up in 2005 with the specific remit to tackle the UK's nuclear legacy. Sellafield is run for the Authority by Sellafield Limited. In November 2008, the Authority contracted with an international consortium-Nuclear Management Partners Limited-to improve Sellafield Limited's management of the site, including the development of an improved lifetime plan. Over several decades, successive governments have been guilty of failing to tackle issues on the site. Deadlines for cleaning up Sellafield have been missed, while total lifetime costs for decommissioning the site continue to rise each year and now stand at £67.5 billion. The Authority believes it now has a credible plan for decommissioning Sellafield and expects Sellafield Limited to start retrieving hazardous waste currently held in legacy facilities in 2015. Nonetheless, given the track record on the site and given that only 2 of the 14 major projects were being delivered on or ahead of schedule in 2011-12, the Committee is not yet convinced that this date will be met or that sufficient progress is being made. Basic project management failings continue to cause delays and increase costs, while doubts remain over the robustness of the plan, in particular whether the Authority is progressing the development of the geological disposal facility as quickly as possible. Nor is the Committee convinced that taxpayers are getting a good deal from the Authority's arrangement with Nuclear Management Partners. And taxpayers currently bear the financial risks of delays and cost increases.

Managing Risk Reduction at Sellafield
Managing Risk Reduction at Sellafield

Author: Great Britain: National Audit Office

Publisher: The Stationery Office

Published: 2012-11-07

Total Pages: 52

ISBN-13: 9780102980455

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A report today by the National Audit Office highlights the considerable challenge faced by the Nuclear Decommissioning Authority in taking forward the clean-up of Sellafield, the UK's largest and most hazardous nuclear site. To date the performance of some of the major projects at Sellafield has been poor. The Authority inherited a legacy of poor planning and neglect over several decades when it took ownership of Sellafield in April 2005. The Authority achieved an important milestone in May 2011 when it approved a more robust lifetime plan for the clean-up of Sellafield site by 2120. The improved lifetime plan contributed to an increase in the Authority's provision for decommissioning the site to £67 billion (undiscounted) as at March 2012, up from £47 billion as at March 2009. Significant uncertainties and scheduling risks remain, which the authority is working to understand and address. For example, there is considerable uncertainty over the time required and cost of completing facilities to treat and store highly radioactive material held in deteriorating legacy ponds and silos. Today's report concluded that it is too early to judge whether the appointment of Nuclear Management Partners Limited as the parent body of Sellafield is delivering value for money.

Taking forward decommissioning
Taking forward decommissioning

Author: Great Britain: National Audit Office

Publisher: The Stationery Office

Published: 2008-01-30

Total Pages: 60

ISBN-13: 9780102951974

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This NAO report examines the process of decommissioning of the UK's nuclear power stations and the Nuclear Decommissioning Authority's performance in using contracts to take forward decommissioning of the various sites, since April 2005, along with what lessons can be learnt. By December 2007, 14 facilities had already shut down and were in the process of being decommissioned. Current plans envisage that most of these sites will be cleared over a 100-year period, at the current estimated cost of £61 billion. The NDA's estimate of the undiscounted future costs of sites over the remaining lifetime, £73 billion, was almost £17 billion higher than the estimate made by the Department in 2003. The Nuclear Decommissioning Authority itself was established on 1 April 2005 to ensure the safe and efficient clean-up of the UK's first generation of civil public sector nuclear facilities, with responsibility for 19 sites. Command Paper (Cm. 5552, Managing the Nuclear Legacy, ISBN 9780101555227), which was published in 2002, set out broadly the Government's structure for taking forward decommissioning by allowing competition. The NAO has set out a number of recommendations, including: that the Nuclear Decommissioning Authority should develop its current contract incentives; that the Authority should strengthen its capacity to scrutinise cost estimates; that the authority should determine the reasons for the continuing increases in cost estimates submitted by sites; that the Authority should evaluate the risks from more commercial management of its sites and develop clear and transparent measures of the progress of decommissioning; that the Authority should require site licensees to prepare lifetime plans on the most realistic available funding assumptions.

The Fall and Rise of Nuclear Power in Britain
The Fall and Rise of Nuclear Power in Britain

Author: Simon Taylor

Publisher: Bloomsbury Publishing

Published: 2016-03-02

Total Pages: 286

ISBN-13: 190686070X

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The story of the rise, fall and second ascendancy of nuclear power in the United Kingdom. Britain was a pioneer in civil nuclear power and there were once high hopes in the 1950s that this could be a source of cheap electricity and a valuable export opportunity. In The Fall and Rise of Nuclear Power in Britain, Simon Taylor examines why these hopes were never realised, and how we have come to see a new rise in nuclear power in recent years. He traces the UK's nuclear energy history, from the optimism of the 1950s, through the disillusionment of the 1980s, to a new role for nuclear in the 21st century. The construction of Britain's first new nuclear power station in 20 years, Hinkley Point C, marks a major change of policy. Throughout this book, Taylor provides a comprehensive overview of energy policy, economics, politics and changing environmental priorities, keying into debates about the generation and sustainability of this controversial energy source. Will this new nuclear energy turn out to be a heroic story of UK leadership on a matter of global importance, or will it prove a hugely costly folly, as with British nuclear power in the past?

Strategy
Strategy

Author: Great Britain: Nuclear Decommissioning Authority

Publisher: The Stationery Office

Published: 2011-03-21

Total Pages: 100

ISBN-13: 9780108510472

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The Energy Act 2004 requires the Nuclear Decommissioning Authority (NDA), a non-Departmental body, to review and publish its strategy at least every five years. This document also presents the outcome of the NDA's review of the first Strategy published in 2006. This revised Strategy sets out the NDA's strategic direction and mission. The core objective of the NDA is to ensure that the historic civil public sector nuclear legacy sites are decommissioned safely, securely, cost effectively and in ways that protect the environment. As part of this, the NDA is required to operate existing commercial activities and meet current contracts, using revenues generated to offset spend on decommissioning. Much of the original strategy therefore remains the same but the UK Government policy on nuclear energy has changed and a new reactor programme is now envisaged for England and Wales. The decommissioning programme itself has an estimated cost of £45.1 billion. The Strategy can be divided into the following groups: (1) Site restoration - which defines the approach to decommissioning redundant facilities and management of contamination; (2) Spent fuels - which is managing the diverse spent nuclear fuels; (3) Nuclear materials - consists of dealing with the inventory of uranics and plutonium, stored at some site; (4) Integrated Waste Management - concerns the management of all forms of waste arising from operating and decommissioning sites; (5) Business Organisation - looks at maximising commercial income, using assets and capabilities to reduce decommissioning costs; (6) Critical Enablers - seeks to support the NDA's overall mission. The publication is divided into five chapters focusing on these issues, with appendices. The Strategy is effective from April 2011.