Responsible liabilities management: neither lender nor borrower be

Liabilities management is the description the nuclear industry uses for looking after its future obligations for spent fuel management, waste management and decommissioning arising from today's operations and managing, as responsibly and cost-effectively as possible, the discharge of those similar obligations that have arisen from the past. This paper considers how the reshaping of the industry over recent years has influenced financial responsibilities and liabilities and how these liabilities compare with other industries. The paper moves on to discuss the issues of ethics and generic and environmental principles and explains how Magnox Electric has applied these principles to its management liabilities strategy.