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In the last edition of our Energy & Infrastructure Insight, we discussed the UK’s new-build nuclear program and the various challenges it is facing. In particular, we noted the anticipated publication of both an Energy White Paper and a consultation assessing the Regulated Asset Base (RAB) Model as a potential alternative to the FiT CfD model for financing UK nuclear new-build. In this article, we consider the evolution of the RAB Model for nuclear new build and how the industry has responded.