Nuclear Energy (Financing) Act 2022.

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.