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For the Approval of this committe, I submit the National Nuclear Act as Follows
National Nuclear Bill
BE IT ENACTED by The Queen's most Excellent Majesty, by and with the advice and consent of the Commons in this present Parliament assembled, in accordance with the provisions of the Parliament Acts 1911 and 1949, and by the authority of the same, as follows:-
1: Definitions
(1)For the purposes of this bill, a nuclear reactor shall be defined as a light water uranium reactor generating about 1000kw/h.
(2)Nuclear Power plant shall be defined as a nuclear reactor, or multiple nuclear reactors, and the necessary infrastructure to convert the energy generated by the reactor(s) into consumer friendly electricity
(3)Nationalisation shall be defined as the process in which the government purchases a private organization, and creates a bureaucracy to run it, overseen by the state.
2: Nationalisation.
(1)Starting with the immediate passage of this bill, The United Kingdom shall commence the acquisition of all privately owned nuclear reactors
(2)Her Majesty’s Government shall compensate EDF Energy for all eight reactors that will be seized, £3.5 Billion.
(3)A new, Government run organisation shall be created and tasked with oversight and management of these reactors. First Nuclear National, shall be the name of this organisation. FNN shall be overseen by the Department of Energy, and they will be tasked with creating boards of directors for each reactor.
3: New Reactors.
(1)In order to preserve UK petroleum independence, two new reactors shall begin construction, on the same site, in the constituency of the East Midlands.The total cost of these reactors and the additional power plants shall be £26 Billion
4: Covering Expenses
(1)The Government is obligated to have appropriated the necessary funds within the 6 months of the passage of this bill.
5: Extent, Commencement, and Short Title
(1)This Act shall extend to the whole of the United Kingdom
(2)This Act shall come into force immediately on passage
(3)This Act may be cited as The National Nuclear Act of 2015
Committee Members may be Content or Not Content with this draft of legislation
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