The Fun in Funding

“As well as taking a Regulated Asset Base (RAB) approach to financing the Thames Tideway, the government offered a “contingent financial support” package which guarantees public money when certain parts of the project go wrong. It’s this transfer of liability first to the consumer, and then also the taxpayer, which helps lower risk and attract investors. A similar package may be offered to nuclear developers. …
Ian Byatt, a former head of the Ofwat, said: “If a company has a big capital project it should put money aside to fund it. Thames [Water] hasn’t done that — it’s paid out every penny in excessive dividends and left Londoners to pick up the bill for the new sewage tunnel.”” https://unearthed.greenpeace.org/2018/08/06/new-nuclear-plants-funding-regulated-asset-base/

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