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Saturday, 20 December 2014

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£6.9million for Sellafield’s bosses

SELLAFIELD Ltd’s management was paid a combined £6.9 million from the taxpayer’s purse during the last year.

By Andrew Clarke

The firm’s end-of-year accounts reveal a total of £6,927,000 paid to its parent body Nuclear Management Partners (NMP) for the use of the directors and senior managers it is borrowing.

This figure includes just under £3.3m paid for its team of nine directors. The highest fee was for managing director Tony Price, who cost Sellafield Ltd £857,000.

As NMP is a private company, how much the firm subsequently paid to its employees is not made public.

The figures cover the period April 2013 to March 2014 and all represent a reduction from the previous year.

In 2012/13, the total Sellafield Ltd paid NMP for use of directors and senior managers was £9 million, including just over £4 million for the team of directors.

Sellafield Ltd says the lower amounts are “due to a reduction and a different mix of the personnel and reduced bonuses”.

The accounts also reveal that profits were down on site. The company received a fee of £37m from owners the Nuclear Decommissioning Authority (NDA), down from £39m the previous year. It resulted in a reduced £28m profit paid to NMP.

The NDA fee, which Sellafield Ltd receives for meeting milestones and generating efficiencies, is reduced due to targets not being met in spent fuel and waste management, and in the legacy ponds and silos business areas.

The accounts also reveal 10,031 employees worked on site during 2013/14 (previously 9,395) and were paid a total of £608m (previously £578m).

Mr Price accepted that the year had been “difficult” and the company is “not where we need to be”.

He added: “But we are better informed every day about how we reduce the hazards and risks of the site.”

The firm made socio-economic payments of £7.6m into the community in the latest year.

Mr Price also pointed to success that has included one of the best ever industrial safety records, the largest intake of apprentices, and various technical challenges being met.

He added: “Knowledge is being gathered and deployed by a highly skilled workforce that, at the same time, is managing very hazardous material in challenging conditions and supporting the UK’s existing nuclear power programme.”

The bill for cleaning up Britain’s nuclear waste has topped £110bn, after a £6.6bn increase in the estimate for work required.

The NDA, which also published its annual report this week, revealed that Sellafield is now estimated to cost £79.1bn to clean up, but added that this could increase once further assessments have been made.

The £110bn is on an ‘undiscounted’ basis, projected over the next 120 years based on inflation and other factors.

Once discounted, the total is £65bn.

Have your say

Ric, The point is that Management Teams previous to NMP who laid the foundations to safely operate and carry out decommissioning work on the Sellafield Site did not cost the UK Taxpayer £6M and came closer to achieving reduction in risk and productivity targets set by another waste of Taxpayers money the NDA!

Posted by Neik on 4 July 2014 at 12:18

Nielk, what price would you put on the safety of the local community then? Left unmanaged and without a clear plan for clean up this site would have the potential to make fukishima and Chernobyl look like a small BBQ. Yes its an expensive legacy but one that needs extremely careful management. The site is probably one of the safest places in the world because of the clear procedures and protocol. Yet again more press making it look like a money train and comments from people who have no idea.

Posted by Ric on 2 July 2014 at 20:23

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