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U.K. Proposes Law to Boost Investments in Nuclear Power Plants

  • Government plans to tap model previously used to fund airports
  • Part of the cost will end up being footed by U.K. consumers
Contractors work on the Unit 1 nuclear reactor, on the Nuclear Island 1 at Hinkley Point C nuclear power station construction site, near Bridgwater U.K. on Sept. 23.

Contractors work on the Unit 1 nuclear reactor, on the Nuclear Island 1 at Hinkley Point C nuclear power station construction site, near Bridgwater U.K. on Sept. 23.

Photographer: Luke MacGregor/Bloomberg
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The U.K. government has proposed a bill to help boost investment in new nuclear power plants, a move that will help Britain cut its carbon emissions and that will be partly footed by consumers. 

Britain will rely on a funding model previously used to pay for new airports and water projects, reducing its reliance on foreign capital, the government said in a statement. The so-called regulated asset base, or RAB, model is designed to encourage private-sector investment by diluting the construction risk shouldered by the taxpayer and developer.