Sizewell C: Contingent Financing
Agreement
PDF, 690 KB, 71
pages
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Sizewell C: Discontinuation and
Compensation Agreement
PDF, 803 KB, 97
pages
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Sizewell C: Government Liquidity
Facility Agreement
PDF, 437 KB, 53
pages
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Sizewell C: Nuclear
Administration and Statutory Transfers Agreement
(NASTA)
PDF, 649 KB, 94
pages
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Sizewell C: Supplemental
Compensation Agreement
PDF, 716 KB, 118
pages
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Sizewell C: Independent
Technical Advisor (ITA) deed of appointment
PDF, 467 KB, 74
pages
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Sizewell C: Liaison
agreement
PDF, 485 KB, 64
pages
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Sizewell C: Increase in Allowed
Revenue (IAR) statement
PDF, 203 KB, 4
pages
Sizewell C: Call Option
Agreement
PDF, 87.4 KB, 11
pages
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Details
The government support package (GSP) is the government
provision of support intended to cover against specific high
impact, low probability risks.
Contingent Financing Agreement
The agreement sets out the terms on which SZC can obtain financing if the Higher
Regulatory Threshold (HRT) is reached.
Discontinuation and Compensation Agreement
The agreement allows the Secretary of State to discontinue the
project in certain circumstances. It also gives Sizewell C Ltd
the right to request discontinuation in specific scenarios.
Government Liquidity Facility Agreement
This agreement offers debt liquidity support to Sizewell C
through a committed revolving loan facility for maturing
principal under the common debt platform. The agreement contains
penalties to disincentivise its use, helping to protect consumers
and taxpayers.
Nuclear Administration and Statutory Transfers Agreement
(NASTA)
The agreement supports the Special Administration Regime
(SAR) for the
project, were Sizewell C Ltd to enter insolvency. It would allow
a Nuclear Administration to continue construction or operations,
ensuring consumers and taxpayers benefit from the project as a
result of their contribution through the Regulated Asset Base
(RAB).
Supplemental Compensation Agreement
The agreement provides cover for certain insurances beyond those
commercially available, ensuring that the project is adequately
protected.
Independent Technical Advisor (ITA) deed of
appointment
The ITA will
be appointed during the pre-PCR phase, providing
independent scrutiny of the licensee' costs and will making
recommendations to Ofgem as to what
costs should be logged to the RAB each year. Whilst the
ITA will make
recommendations to Ofgem about the
costs which should be logged to the RAB, it is ultimately Ofgem's role to
economically regulate the licensee. This document sets out the
terms of ITA's
appointment.
Liaison agreement
The Liaison Agreement is a working agreement between Sizewell C
stakeholders. The agreement establishes a structured framework
for collaboration, oversight, and reporting among the key
stakeholders involved in Sizewell C. It ensures that all parties
have clear roles and responsibilities, mechanisms for resolving
conflicts, and processes for maintaining transparency and
accountability throughout the project's life cycle.
Increase in Allowed Revenue (IAR) statement
This document sets out the process the Secretary of State must
follow in determining whether to exercise the power included
within Section 7 of the Nuclear Energy (Financing) Act 2022.
Call option agreement
This document grants an option for the Secretary of State, in
their role as GSPprovider, to call for the
shares of Sizewell C GenCo, in the context of the implementation
of the Discontinuation and Compensation Agreement and
NASTA.
