The Nuclear Provisions Commission
The Nuclear Provisions Commission is comprised of at least the following six persons:
- the Administrator-General of the Treasury Administration,
- the President of the Management Committee of the Commission for Electricity and Gas Regulation (CREG),
- the Director General of the Budget and Policy Evaluation Department of the Federal Public Service Strategy and Support,
- a representative of the National Bank of Belgium,
- the Director General of the Directorate General of Energy of the Federal Public Service of Economy,
- a representative of the Financial Services and Markets Authority.
Following the proposal of the Minister responsible for Energy, two additional persons may be appointed as members for a renewable period of five years, by a Royal Decree deliberated in the Council of Ministers. The Director General of the Federal Agency for Nuclear Control (FANC) and the Director General of the National Agency for Radioactive Waste and Enriched Fissile Materials, ONDRAF, may attend CPN meetings with an advisory vote.
Where this is relevant for certain items on the agenda, the Nuclear Provisions Commission may invite the Managing Director of SYNATOM or of any nuclear operator, to attend all or part of a meeting of the Commission. Following an invitation from the Nuclear Provisions Commission, the two representatives of the Federal Government sitting on the Board of Directors of SYNATOM may attend all or part of the latter’s meetings in order to report on information of which they are aware and likely to have a material impact on the existence, adequacy or availability of nuclear provisions, when they consider it appropriate or when the general interest so requires.
The Nuclear Provisions Commission will issue opinions on the following topics:
the methods for creating the provisions. It also periodically assesses the appropriateness of these methods;
The Commission oversees:
- the correct application of the methods for creating the provisions,
- the availability of the funds.
The Nuclear Provisions Commission has the power to provide advice and exercise general oversight, particularly with regard to:
- in general, the creation, management, existence, adequacy and availability of the nuclear provisions as well as payments for the costs of decommissioning nuclear power plants, the costs associated with spent fuel management and with managing operational waste;
- the information provided by SYNATOM and other stakeholders;
- the creation, management, existence, adequacy and availability of assets representing the nuclear provisions;
- the methods for calculating and creating the nuclear provisions. It also assesses their use and, periodically, their appropriateness;
- compliance by the nuclear provisioning company, by any nuclear operator or any contributing company, with the obligations incumbent on them pursuant to this legislation or the loan agreements entered into or the guarantees provided;
- the conditions under which SYNATOM provides its funds;
- the categories of assets in which SYNATOM invests the portion of provisions not provided to nuclear operators.