Part 1: Nuclear Energy Generation Projects: Regulated Asset Base Model Section 1: Key definitions for Part 1
This section seeks to define the key terms for this Part with reference to a company that is potentially to benefit from a RAB model.
	Subsection (1) clarifies that the definitions apply throughout this Part. Subsection (2) identifies a ‘nuclear company’ as one that has an electricity generation licence from the Authority with respect to a prospective nuclear energy generation project.
	Subsection (3) says that once a nuclear company has been designated by the Secretary of State, it may be referred to as a ‘designated nuclear company’ for as long as the designation has effect.
	Subsection (4) defines a "relevant licensee nuclear company" as one which has had its licence modified by the Secretary of State under section 6(1) whilst a designation is in effect, and that is also party to a revenue collection contract.
	Subsection (5) defines the term electricity generation licence for purposes of this Part.