Asset 2

Purpose

Key dates

28 March 1996

The Nuclear Generation Decommissioning Fund receives an endowment from HM Government of £228m

January 2005

British Energy restructured / the Contribution Agreement (CA) and the Nuclear Liabilities Funding Agreement (NLFA) both set up

January 2005

Nuclear Generation Decommissioning Fund renamed the Nuclear Liabilities Fund

May 2007

NLF converts 28% of its interest in British Energy into shares and sells them, raising £2.3bn

January 2009

NLF sells remaining stake in British Energy to EDF for £4.4bn

March 2016

NLF assets valued at £8.96bn