Caroline Flint – 2015 Parliamentary Question to the Department for Energy and Climate Change

The below Parliamentary question was asked by Caroline Flint on 2015-02-12.

To ask the Secretary of State for Energy and Climate Change, what estimate he has made of the cost to the Nuclear Decommissioning Authority of termination of its contract with Nuclear Management Partners.

Matthew Hancock

Contractual termination costs will be determined based upon the terms of the contract with Nuclear Management Partners. The precise terms of the contract are commercially confidential but these costs will equate to approximately one per cent of average annual fee (this arrives at around £430K plus interest from the start of 2014/15). NMP will earn fees in line with its contract over the course of its contract notice period.