Nuclear, Waste Management & Decommissioning

NGT sell off four UK gas distribution networks

The total cash consideration is £5.8bn ($10.4bn) and in addition, the purchasers are assuming certain environmental and other liabilities amounting to some £130m. The total enterprise value represents a 20 per cent premium over the end March 2004 regulatory asset value of the distribution networks being sold and a 14 per cent premium over NGT’s estimate of their regulatory asset value as at 31 March 2005.

1 September 2004 – The UK government announced today that Dr Ian Roxburgh is to join the Nuclear Decommissioning Authority (NDA) as its first CEO.