Nuclear Energy (Financing) Act 2022

April 4, 2022

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<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="part-1"><num>PART 1</num><heading>Nuclear energy generation projects: regulated asset base model</heading><

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-introductory"><heading>Introductory</heading><section eId="section-1"><num>1</num><heading>Key definiti

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1"><num>1</num><heading>Key definitions for <ref href="#part-1">Part 1</ref></heading><subsection eId="section-1-1"><num>(1)</num><content>This section applies for the purposes of this Part.</content></subsection><

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1-1"><num>(1)</num><content>This section applies for the purposes of this Part.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1-2"><num>(2)</num><content>“<term refersTo="#term-nuclear-company" eId="term-nuclear-company">Nuclear company</term>” means a company that holds an electricity generation licence in respect of a nuclear energy gene

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1-3"><num>(3)</num><content>References to a “designated” nuclear company are to a nuclear company in relation to which a designation under <ref href="#section-2">section 2</ref><ref href="#section-2-1">(1)</ref> has

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1-4"><num>(4)</num><intro>A nuclear company is a “relevant licensee nuclear company” if—</intro><level class="para1" eId="section-1-4-a"><num>(a)</num><content>the company’s electricity generation licence con

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-1-4-a"><num>(a)</num><content>the company’s electricity generation licence contains modifications made under <ref href="#section-6">section 6</ref><ref href="#section-6-1">(1)</ref>, and</content></leve

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-1-4-b"><num>(b)</num><content>the company is a party to a revenue collection contract.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1-5"><num>(5)</num><content>“<term refersTo="#term-electricity-generation-licence" eId="term-electricity-generation-licence">Electricity generation licence</term>” means a licence under section 6(1)(a) of the Electr

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-designation-of-nuclear-company"><heading>Designation of nuclear company</heading><section eId="section-

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-2"><num>2</num><heading>Designation of nuclear company</heading><subsection eId="section-2-1"><num>(1)</num><content>The Secretary of State may by notice given to a nuclear company designate the company in relation to

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-2-1"><num>(1)</num><content>The Secretary of State may by notice given to a nuclear company designate the company in relation to a nuclear energy generation project in respect of which the company holds an electrici

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-2-2"><num>(2)</num><content>The Secretary of State may designate a nuclear company under <ref href="#section-2-1">subsection (1)</ref> only if the designation criteria are met in relation to the company.</conten

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-2-3"><num>(3)</num><intro>The designation criteria are that—</intro><level class="para1" eId="section-2-3-a"><num>(a)</num><content>the Secretary of State is of the opinion that the development of the nuclear

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-2-3-a"><num>(a)</num><content>the Secretary of State is of the opinion that the development of the nuclear project is sufficiently advanced to justify the designation of the nuclear company in relation to t

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-2-3-b"><num>(b)</num><content>the Secretary of State is of the opinion that designating the nuclear company in relation to the project is likely to result in value for money.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-2-4"><num>(4)</num><content>In this Part, “<term refersTo="#term-designation-notice" eId="term-designation-notice">designation notice</term>” means a notice under <ref href="#section-2-1">subsection (1)</ref>.</

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3"><num>3</num><heading>Designation: procedure</heading><subsection eId="section-3-1"><num>(1)</num><intro>The Secretary of State must publish a statement setting out—</intro><level class="para1" eId="section-3-1-a

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-1"><num>(1)</num><intro>The Secretary of State must publish a statement setting out—</intro><level class="para1" eId="section-3-1-a"><num>(a)</num><content>the procedure that the Secretary of State expects

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-1-a"><num>(a)</num><content>the procedure that the Secretary of State expects to follow in determining whether to exercise the power under <ref href="#section-2">section 2</ref><ref href="#section-2-1">(1

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-1-b"><num>(b)</num><content>how the Secretary of State expects to determine whether the designation criteria mentioned in <ref href="#section-2">section 2</ref><ref href="#section-2-3">(3)</ref> are met.<

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-2"><num>(2)</num><intro>Before designating a nuclear company under <ref href="#section-2">section 2</ref><ref href="#section-2-1">(1)</ref>, the Secretary of State must—</intro><level class="para1" eId="sectio

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-2-a"><num>(a)</num><content>prepare draft reasons for the designation, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-2-b"><num>(b)</num><content>consult the persons listed in <ref href="#section-3-3">subsection (3)</ref> (including on the draft reasons).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-3"><num>(3)</num><intro>Those persons are—</intro><level class="para1" eId="section-3-3-a"><num>(a)</num><content>the nuclear company that the Secretary of State proposes to designate;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-3-a"><num>(a)</num><content>the nuclear company that the Secretary of State proposes to designate;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-3-b"><num>(b)</num><content>the Authority;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-3-c"><num>(c)</num><content>the Office for Nuclear Regulation;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-3-d"><num>(d)</num><content>where any part of the site for the nuclear project is in England, the Environment Agency;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-3-e"><num>(e)</num><content>where any part of the site for the nuclear project is in Wales, the Welsh Ministers and Natural Resources Wales;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-3-f"><num>(f)</num><content>where any part of the site for the nuclear project is in Scotland, the Scottish Ministers and the Scottish Environment Protection Agency;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-3-g"><num>(g)</num><content>such other persons as the Secretary of State considers appropriate.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-4"><num>(4)</num><content>A duty imposed by <ref href="#section-3-1">subsection (1)</ref> or <ref href="#section-3-2">(2)</ref> may be satisfied by things done before the passing of this Act (as well as by things

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-5"><num>(5)</num><intro>A designation notice must include—</intro><level class="para1" eId="section-3-5-a"><num>(a)</num><content>a description of the nuclear project,</content></level><level class="par

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-5-a"><num>(a)</num><content>a description of the nuclear project,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-5-b"><num>(b)</num><content>the Secretary of State’s reasons for the designation (amended as appropriate in light of consultation under <ref href="#section-3-2">subsection (2)</ref><ref href="#section-3-2

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-5-c"><num>(c)</num><content>details of any conditions imposed by the Secretary of State in relation to the designation and of the consequences of a failure to comply with any such condition, and</cont

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-5-d"><num>(d)</num><content>the date of the notice.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-6"><num>(6)</num><intro>The Secretary of State must—</intro><level class="para1" eId="section-3-6-a"><num>(a)</num><content>publish a designation notice, and</content></level><level class="para1" eId="s

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-6-a"><num>(a)</num><content>publish a designation notice, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-6-b"><num>(b)</num><content>in addition to giving the designation notice to the nuclear company being designated, give a copy of it to the other persons consulted under <ref href="#section-3-2">subsection

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4"><num>4</num><heading>Expiry of designation</heading><subsection eId="section-4-1"><num>(1)</num><intro>The designation of a nuclear company under <ref href="#section-2">section 2</ref><ref href="#section-2-1">(1)</r

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-1"><num>(1)</num><intro>The designation of a nuclear company under <ref href="#section-2">section 2</ref><ref href="#section-2-1">(1)</ref> ceases to have effect—</intro><level class="para1" eId="section-4-1-a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-1-a"><num>(a)</num><content>on the expiry date, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-1-b"><num>(b)</num><content>if the company enters into a revenue collection contract with a revenue collection counterparty before the expiry date, at the end of the day on which the revenue collection co

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-2"><num>(2)</num><intro>“<term refersTo="#term-the-expiry-date" eId="term-the-expiry-date">The expiry date</term>”, in relation to the designation of a particular nuclear company, is—</intro><level class="para

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-2-a"><num>(a)</num><content>the end of the period of 5 years beginning with the date of the designation notice in question, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-2-b"><num>(b)</num><content>where one or more notices under <ref href="#section-4-3">subsection (3)</ref> have been given to the company, the end of the day specified in the last such notice.</content

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-3"><num>(3)</num><intro>The Secretary of State may, before the expiry date that for the time being applies in relation to a designated nuclear company, give the company a notice providing that the new expiry date

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-3-a"><num>(a)</num><content>after that date, but</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-3-b"><num>(b)</num><content>not more than 5 years from the date on which the notice is given to the company.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-4"><num>(4)</num><intro>Before giving a notice under <ref href="#section-4-3">subsection (3)</ref>, the Secretary of State must consult—</intro><level class="para1" eId="section-4-4-a"><num>(a)</num><content><

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-4-a"><num>(a)</num><content>the designated nuclear company,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-4-b"><num>(b)</num><content>the Authority,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-4-c"><num>(c)</num><content>the Office for Nuclear Regulation,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-4-d"><num>(d)</num><content>where any part of the site for the nuclear project is in England, the Environment Agency,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-4-e"><num>(e)</num><content>where any part of the site for the nuclear project is in Wales, the Welsh Ministers and Natural Resources Wales,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-4-f"><num>(f)</num><content>where any part of the site for the nuclear project is in Scotland, the Scottish Ministers and the Scottish Environment Protection Agency, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-4-4-g"><num>(g)</num><content>such other persons as the Secretary of State considers appropriate.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-5"><num>(5)</num><content>Where the designation of a nuclear company ceases to have effect in accordance with <ref href="#section-9-1">subsection (1)</ref>, the Secretary of State must publish details of that fact

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-5"><num>5</num><heading>Revocation or lapse of designation</heading><subsection eId="section-5-1"><num>(1)</num><intro>The Secretary of State may by notice given to a designated nuclear company revoke the company’s des

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-5-1"><num>(1)</num><intro>The Secretary of State may by notice given to a designated nuclear company revoke the company’s designation under <ref href="#section-2">section 2</ref><ref href="#section-2-1">(1)</ref> if

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-5-1-a"><num>(a)</num><content>the company ceases to hold an electricity generation licence in respect of the nuclear energy generation project described in the designation notice, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-5-1-b"><num>(b)</num><content>either of the designation criteria mentioned in <ref href="#section-2">section 2</ref><ref href="#section-2-3">(3)</ref> ceases to be met in relation to the company.</conte

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-5-2"><num>(2)</num><content><ref href="#section-3">Section 3</ref><ref href="#section-3-2">(2)</ref>, <ref href="#section-3-5">(5)</ref><ref href="#section-3-5-a">(a)</ref>, <ref href="#section-3-5-b">(b)</ref> and

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-5-3"><num>(3)</num><intro>The designation of a nuclear company under <ref href="#section-2">section 2</ref><ref href="#section-2-1">(1)</ref> ceases to have effect if—</intro><level class="para1" eId="section-5-

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-5-3-a"><num>(a)</num><content>by virtue of <ref href="#section-3">section 3</ref><ref href="#section-3-5">(5)</ref><ref href="#section-3-5-c">(c)</ref>, the designation notice specifies that failure to comp

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-5-3-b"><num>(b)</num><content>the Secretary of State gives the nuclear company a notice under this subsection stating that the company has failed to comply with that condition.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-5-4"><num>(4)</num><content>Where the Secretary of State gives a notice to a nuclear company under <ref href="#section-5-1">subsection (1)</ref> or <ref href="#section-5-3">(3)</ref>, the designation of the company

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-5-5"><num>(5)</num><content>The Secretary of State must publish a notice given to a nuclear company under <ref href="#section-5-3">subsection (3)</ref>.</content></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-licence-modifications"><heading>Licence mod

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6"><num>6</num><heading>Licence modifications: designated nuclear companies</heading><subsection eId="section-6-1"><num>(1)</num><intro>The Secretary of State may modify—</intro><level class="para1" eId="section-6-

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-1"><num>(1)</num><intro>The Secretary of State may modify—</intro><level class="para1" eId="section-6-1-a"><num>(a)</num><content>a condition of a nuclear company’s electricity generation licence;</cont

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-1-a"><num>(a)</num><content>a condition of a nuclear company’s electricity generation licence;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-1-b"><num>(b)</num><content>a term of a nuclear company’s electricity generation licence.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-2"><num>(2)</num><content>The Secretary of State may exercise the power under <ref href="#section-6-1">subsection (1)</ref> only for the purpose of facilitating investment in the design, construction, commissionin

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-3"><num>(3)</num><content>The power under <ref href="#section-6-1">subsection (1)</ref> may be exercised in relation to a nuclear company only at a time when a designation under <ref href="#section-2">section 2</r

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-4"><num>(4)</num><intro>When exercising the power under <ref href="#section-6-1">subsection (1)</ref>, the Secretary of State must have regard to—</intro><level class="para1" eId="section-6-4-a"><num>(a)</num>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-4-a"><num>(a)</num><content>the duties of the Secretary of State under sections 1 and 4(1)(b) of the Climate Change Act 2008 (carbon targets and budgets);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-4-b"><num>(b)</num><content>the interests of existing and future consumers of electricity, including their interests in relation to the cost and security of supply of electricity;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-4-c"><num>(c)</num><content>costs, expenditure or liabilities of any description that the nuclear company may reasonably be expected to incur in carrying out its activities;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-4-d"><num>(d)</num><content>the need to secure that the nuclear company is able to finance its activities;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-4-e"><num>(e)</num><content>the need to secure that the nuclear company has appropriate incentives in relation to the carrying out of its activities;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-4-f"><num>(f)</num><content>such other matters as the Secretary of State considers appropriate.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-5"><num>(5)</num><intro>Modifications made under <ref href="#section-6-1">subsection (1)</ref><ref href="#section-6-1-a">(a)</ref> may include, for example—</intro><level class="para1" eId="section-6-5-a"><num

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-5-a"><num>(a)</num><content>provision about the revenue that the nuclear company may receive in respect of its activities (the company’s “allowed revenue”);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-5-b"><num>(b)</num><content>provision about how the nuclear company’s allowed revenue is to be calculated;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-5-c"><num>(c)</num><content>provision about the amounts that the nuclear company is entitled to receive, or is required to pay, under any revenue collection contract to which it is a party;</content><

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-5-d"><num>(d)</num><content>provision about activities that the nuclear company must, may or may not carry on;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-5-e"><num>(e)</num><content>provision about the management of the nuclear company’s activities, including the manner in which they are carried out;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-5-f"><num>(f)</num><content>provision conferring functions on the Authority, including provision enabling or requiring the nuclear company to refer for determination, decision or approval by the Authority

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-5-g"><num>(g)</num><content>provision enabling the nuclear company to refer to the CMA a decision of the Authority falling within <ref href="#section-10">section 10</ref><ref href="#section-10-3">(3)</ref

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-5-h"><num>(h)</num><content>provision for the amendment of the licence for the purpose of implementing a determination or decision of the Authority or the CMA;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-5-i"><num>(i)</num><content>provision requiring the nuclear company to comply with any direction or instruction, or to have regard to any guidance, given by the Authority in relation to matters specified,

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-5-j"><num>(j)</num><content>provision requiring the nuclear company to co-operate with the Authority and to provide such information and assistance to the Authority as the Authority may require for the pu

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-5-k"><num>(k)</num><content>provision about the payment by the nuclear company, to the Authority or to the CMA, of such amounts as may be determined by or in accordance with the licence;</content></le

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-5-l"><num>(l)</num><content>provision about relevant licensee nuclear company administration orders (as defined in <ref href="#section-31">section 31</ref><ref href="#section-31-1">(1)</ref>), including p

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-5-m"><num>(m)</num><content>provision about the disclosure or publication of information by the nuclear company.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-6"><num>(6)</num><content>Modifications made under <ref href="#section-6-1">subsection (1)</ref><ref href="#section-6-1-b">(b)</ref> may include, for example, provision relating to the circumstances in which the n

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-7"><num>(7)</num><intro>The Secretary of State may modify—</intro><level class="para1" eId="section-6-7-a"><num>(a)</num><content>the standard conditions incorporated in licences under section 6(1)(a) to (d

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-7-a"><num>(a)</num><content>the standard conditions incorporated in licences under section 6(1)(a) to (d) of the Electricity Act 1989 by virtue of section 8A of that Act;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-7-b"><num>(b)</num><content>a document maintained in accordance with the conditions of licences under section 6(1)(a) to (d) of the Electricity Act 1989 or an agreement that gives effect to a document so

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-8"><num>(8)</num><content>The Secretary of State may exercise the power under <ref href="#section-6-7">subsection (7)</ref> only if the Secretary of State considers it appropriate to do so in consequence of, or fo

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-9"><num>(9)</num><content>Modifications made under <ref href="#section-6-1">subsection (1)</ref> or <ref href="#section-6-7">(7)</ref> do not take effect unless the nuclear company whose licence is modified under

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-10"><num>(10)</num><content>References in this section to the activities of a nuclear company are references to the company’s activities in relation to the design, construction, commissioning and operation of the

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7"><num>7</num><heading>Licence modifications: relevant licensee nuclear companies</heading><subsection eId="section-7-1"><num>(1)</num><content>The Secretary of State may modify a condition of a relevant licensee nucl

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7-1"><num>(1)</num><content>The Secretary of State may modify a condition of a relevant licensee nuclear company’s electricity generation licence.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7-2"><num>(2)</num><intro>The Secretary of State may exercise the power under <ref href="#section-7-1">subsection (1)</ref> only if the Secretary of State considers that—</intro><level class="para1" eId="section

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-2-a"><num>(a)</num><content>the total expenditure expected to be incurred by the relevant licensee nuclear company in order to complete the construction of the nuclear project is likely to exceed any cap

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-2-b"><num>(b)</num><content>in consequence of <ref href="#section-7-2-a">paragraph (a)</ref>, an adjustment is needed in relation to how the company’s allowed revenue is to be calculated.</content></l

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7-3"><num>(3)</num><content>When exercising the power under <ref href="#section-7-1">subsection (1)</ref>, the Secretary of State must have regard to the matters mentioned in <ref href="#section-6">section 6</ref><r

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7-4"><num>(4)</num><content>The power under <ref href="#section-7-1">subsection (1)</ref> may not be exercised in relation to a relevant licensee nuclear company at any time after construction of the nuclear project

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7-5"><num>(5)</num><content>For the purposes of this section, construction of the nuclear project is to be taken to have been completed on successful completion of such procedures and tests relating to the project a

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7-6"><num>(6)</num><content>The Secretary of State must publish a statement setting out the procedure that the Secretary of State expects to follow in determining whether to exercise the power under subsection (1).<

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8"><num>8</num><heading>Procedure etc relating to modifications under section <ref href="#section-6">6</ref> or <ref href="#section-7">7</ref></heading><subsection eId="section-8-1"><num>(1)</num><intro>Before making a

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8-1"><num>(1)</num><intro>Before making a modification under a power conferred by <ref href="#section-6">section 6</ref><ref href="#section-6-1">(1)</ref> or <ref href="#section-6-7">(7)</ref> or <ref href="#section

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-1-a"><num>(a)</num><content>the nuclear company whose licence is being modified,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-1-b"><num>(b)</num><content>the Authority,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-1-c"><num>(c)</num><content>the Office for Nuclear Regulation,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-1-d"><num>(d)</num><content>where any part of the site for the nuclear project is in England, the Environment Agency,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-1-e"><num>(e)</num><content>where any part of the site for the nuclear project is in Wales, the Welsh Ministers and Natural Resources Wales,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-1-f"><num>(f)</num><content>where any part of the site for the nuclear project is in Scotland, the Scottish Ministers and the Scottish Environment Protection Agency,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-1-g"><num>(g)</num><content>in the case of a modification under <ref href="#section-6">section 6</ref><ref href="#section-6-7">(7)</ref>, other holders of a licence being modified, and</content></leve

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-1-h"><num>(h)</num><content>such other persons as the Secretary of State considers appropriate.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8-2"><num>(2)</num><content>In the case of the exercise of a power conferred by <ref href="#section-6">section 6</ref><ref href="#section-6-1">(1)</ref> or <ref href="#section-6-7">(7)</ref>, <ref href="#section-8-1

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8-3"><num>(3)</num><intro>A relevant power—</intro><level class="para1" eId="section-8-3-a"><num>(a)</num><content>may be exercised generally, only in relation to specified cases, or subject to exceptions (in

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-3-a"><num>(a)</num><content>may be exercised generally, only in relation to specified cases, or subject to exceptions (including provision for a case to be excepted only so long as specified conditions ar

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-3-b"><num>(b)</num><content>may be exercised differently for different purposes;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-3-c"><num>(c)</num><content>includes power to make incidental, supplementary, consequential or transitional modifications.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8-4"><num>(4)</num><intro>Provision included in a licence, or in a document or agreement described in <ref href="#section-6">section 6</ref><ref href="#section-6-7">(7)</ref><ref href="#section-6-7-b">(b)</ref>, by

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-4-a"><num>(a)</num><content>may make different provision for different purposes;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-4-b"><num>(b)</num><content>need not relate to the activities authorised by the licence;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-4-c"><num>(c)</num><content>may do anything authorised for licences of that type by section 7(4), (5)(a) or (6A) of the Electricity Act 1989.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8-5"><num>(5)</num><content>The Secretary of State must publish details of any modifications made under a relevant power as soon as reasonably practicable after they are made.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8-6"><num>(6)</num><intro>If under <ref href="#section-6">section 6</ref><ref href="#section-6-7">(7)</ref> the Secretary of State makes a modification of the standard conditions of a licence, the Authority must—</p

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-6-a"><num>(a)</num><content>make the same modification of those standard conditions for the purposes of their incorporation in licences of that type granted after that time, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-8-6-b"><num>(b)</num><content>publish the modification.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8-7"><num>(7)</num><content>A modification made under a relevant power of part of a standard condition of a licence does not prevent any other part of the condition from continuing to be regarded as a standard condi

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8-8"><num>(8)</num><content>The power conferred by a relevant power to “<term refersTo="#term-modify" eId="term-modify">modify</term>” (in relation to licence conditions or terms or a document or agreement) includes

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-9"><num>9</num><heading>Expiry of modifications made under <ref href="#section-6">section 6</ref></heading><subsection eId="section-9-1"><num>(1)</num><intro>This section applies if the designation of a nuclear company

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-9-1"><num>(1)</num><intro>This section applies if the designation of a nuclear company under <ref href="#section-2">section 2</ref><ref href="#section-2-1">(1)</ref> ceases to have effect in accordance with—</in

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-9-1-a"><num>(a)</num><content><ref href="#section-4">section 4</ref><ref href="#section-4-1">(1)</ref><ref href="#section-4-1-a">(a)</ref> (expiry of designation), or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-9-1-b"><num>(b)</num><content><ref href="#section-5">section 5</ref><ref href="#section-5-1">(1)</ref> or <ref href="#section-5-3">(3)</ref> (revocation or lapse of designation).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-9-2"><num>(2)</num><content>Any modifications made under <ref href="#section-6">section 6</ref><ref href="#section-6-1">(1)</ref> of the nuclear company’s electricity generation licence are to be treated, from the r

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-9-3"><num>(3)</num><content>If any modifications of licences were made under <ref href="#section-6">section 6</ref><ref href="#section-6-7">(7)</ref> in consequence of, or for purposes incidental or supplementary to

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-9-4"><num>(4)</num><content>In subsections <ref href="#section-9-2">(2)</ref> and <ref href="#section-9-3">(3)</ref>, “<term refersTo="#term-the-relevant-time" eId="term-the-relevant-time">the relevant time</term>”

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-9-5"><num>(5)</num><content>Where modifications are to be treated by subsection <ref href="#section-9-2">(2)</ref> or <ref href="#section-9-3">(3)</ref> as not having been made, the Secretary of State must publish d

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-10"><num>10</num><heading>Decisions relating to allowed revenue of relevant licensee nuclear com

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-10-1"><num>(1)</num><content>This section applies where a relevant licensee nuclear company’s electricity generation licence contains provision referred to in <ref href="#section-6">section 6</ref><ref href="#sectio

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-10-2"><num>(2)</num><content>Sections 11C to 11H of, and Schedule 5A to, the Electricity Act 1989 (appeal to the CMA against a decision by the Authority) apply in relation to a decision falling within <ref href="#se

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-10-3"><num>(3)</num><intro>A decision falls within <ref href="#section-10-3">this subsection</ref> if—</intro><level class="para1" eId="section-10-3-a"><num>(a)</num><content>the decision is made by the Autho

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-10-3-a"><num>(a)</num><content>the decision is made by the Authority in the exercise of its functions relating to the regulation of a relevant licensee nuclear company,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-10-3-b"><num>(b)</num><content>in the CMA’s opinion, the decision relates to the allowed revenue of the company, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-10-3-c"><num>(c)</num><content>but for this section, the company could not under section 11C of the Electricity Act 1989 bring an appeal against the decision.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-10-4"><num>(4)</num><intro>In the application of the provisions of the Electricity Act 198

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-10-4-a"><num>(a)</num><content><mod>section 11C has effect as if for subsection (

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-10-4-b"><num>(b)</num><content>section 11E (4) (d) is to be ignored;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-10-4-c"><num>(c)</num><content>sections 11F and 11G apply to a decision falling within <ref href="#section-10-3">subsection (3)</ref> as they apply to a price control decision as defined by section 11F(7);<

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-10-4-d"><num>(d)</num><content><mod>paragraph 1 of Schedule 5A has effect as if f

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-10-4-e"><num>(e)</num><content><mod>paragraph 2 of Schedule 5A has effect as if, in sub-paragraph (2)(c), for the words from the beginning to “(as the case may be)” there were substituted <quotedText>“the r

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-information"><heading>Information</heading><section eId="section-11"><num>11</num><heading>Provision of

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-11"><num>11</num><heading>Provision of information to the Secretary of State</heading><subsection eId="section-11-1"><num>(1)</num><content>The Secretary of State may by notice require a nuclear company to provide to t

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-11-1"><num>(1)</num><content>The Secretary of State may by notice require a nuclear company to provide to the Secretary of State such information as the Secretary of State may reasonably require in connection with t

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-11-2"><num>(2)</num><content>Information required under <ref href="#section-11-1">subsection (1)</ref> must be provided in such form and manner and at such time and place, and be accompanied or supplemented by such

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-11-3"><num>(3)</num><content>A nuclear company may not be required under this section to provide any information that would be protected from disclosure or production in legal proceedings on grounds of legal profess

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-11-4"><num>(4)</num><intro>Except as provided by <ref href="#section-11-5">subsection (5)</ref>, the disclosure of information under this section does not breach—</intro><level class="para1" eId="section-11-4-a"

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-11-4-a"><num>(a)</num><content>any obligation of confidence owed by the nuclear company making the disclosure, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-11-4-b"><num>(b)</num><content>any other restriction on the disclosure of information (however imposed).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-11-5"><num>(5)</num><content>This section does not authorise or require a disclosure of information if the disclosure would contravene the data protection legislation (but in determining whether a disclosure would d

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-12"><num>12</num><heading>Provision of information to or by the Authority</heading><subsection eId="section-12-1"><num>(1)</num><content>The Authority may provide to a person within <ref href="#section-12-2">subsection

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-12-1"><num>(1)</num><content>The Authority may provide to a person within <ref href="#section-12-2">subsection (2)</ref> such information as the Authority considers necessary in connection with the exercise by the A

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-12-2"><num>(2)</num><intro>The following persons are within this subsection—</intro><level class="para1" eId="section-12-2-a"><num>(a)</num><content>the Office for Nuclear Regulation;</content></level><le

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-12-2-a"><num>(a)</num><content>the Office for Nuclear Regulation;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-12-2-b"><num>(b)</num><content>the national system operator;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-12-2-c"><num>(c)</num><content>a nuclear administrator appointed under <ref href="#part-3">Part 3</ref> in relation to the relevant licensee nuclear company;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-12-2-d"><num>(d)</num><content>where any part of the site for the nuclear project is in England, the Environment Agency;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-12-2-e"><num>(e)</num><content>where any part of the site for the nuclear project is in Wales, Natural Resources Wales;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-12-2-f"><num>(f)</num><content>where any part of the site for the nuclear project is in Scotland, the Scottish Environment Protection Agency;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-12-2-g"><num>(g)</num><content>any other person with regulatory functions the exercise of which the Authority considers relevant to the exercise by the Authority of its functions relating to the regulation

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-12-3"><num>(3)</num><content>The Authority may by notice request from a person within <ref href="#section-12-2">subsection (2)</ref> such information as the Authority considers necessary in connection with the exerc

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-12-4"><num>(4)</num><content>A person to whom a request is made under <ref href="#section-12-3">subsection (3)</ref> must, so far as reasonably practicable, provide the requested information within such period, and

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-12-5"><num>(5)</num><content>The Authority must reimburse a person to whom a request is made under <ref href="#section-12-3">subsection (3)</ref> for any costs reasonably incurred by the person in providing the Auth

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-12-6"><num>(6)</num><intro>Except as provided by <ref href="#section-12-7">subsection (7)</ref>, the disclosure of information under this section does not breach—</intro><level class="para1" eId="section-12-6-a"

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-12-6-a"><num>(a)</num><content>any obligation of confidence owed by the person making the disclosure, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-12-6-b"><num>(b)</num><content>any other restriction on the disclosure of information (however imposed).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-12-7"><num>(7)</num><content>This section does not authorise or require a disclosure of information if the disclosure would contravene the data protection legislation (but in determining whether a disclosure would d

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-12-8"><num>(8)</num><intro>In this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-information" eId="term-information">information</term>” includes advice;</content></hcontai

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-information" eId="term-information">information</term>” includes advice;</content></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-nuclear-company" eId="term-nuclear-company">nuclear company</term>” and “relevant licensee nuclear company” have the same meaning as in <ref href="#part-1">Part 1</ref>.</con

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-nuclear-administrator" eId="term-nuclear-administrator">nuclear administrator</term>” has the meaning given by section <ref href="#section-31">31</ref><ref href="#section-31-2">(

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-other"><heading>Other</heading><section eId="section-13"><num>13</num><heading>Sensitive material</head

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-13"><num>13</num><heading>Sensitive material</heading><subsection eId="section-13-1"><num>(1)</num><intro>The Secretary of State may exclude material to which subsection (2) applies from—</intro><level class="para1

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-13-1"><num>(1)</num><intro>The Secretary of State may exclude material to which subsection (2) applies from—</intro><level class="para1" eId="section-13-1-a"><num>(a)</num><content>draft reasons consulted on

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-13-1-a"><num>(a)</num><content>draft reasons consulted on under <ref href="#section-3">section 3</ref><ref href="#section-3-2">(2)</ref><ref href="#section-3-2-b">(b)</ref> (including as applied by <ref hre

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-13-1-b"><num>(b)</num><content>anything required to be published under this Part.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-13-2"><num>(2)</num><intro>This subsection applies to material the disclosure or publication of which the Secretary of State considers—</intro><level class="para1" eId="section-13-2-a"><num>(a)</num><content>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-13-2-a"><num>(a)</num><content>would be likely to prejudice the commercial interests of any person, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-13-2-b"><num>(b)</num><content>would be contrary to the interests of national security.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-14"><num>14</num><heading>Interpretation of <ref href="#part-1">Part 1</ref></heading><subsection eId="section-14-1"><num>(1)</num><intro>In this Part—</intro><hcontainer name="definition"><content>“<term refers

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-14-1"><num>(1)</num><intro>In this Part—</intro><hcontainer name="definition"><content>“<term refersTo="#term-allowed-revenue" eId="term-allowed-revenue">allowed revenue</term>” has the meaning given by <ref

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-modification" eId="term-modification">modification</term>” includes omission, addition or alteration, and cognate expressions are to be construed accordingly;</content></hcon

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-financial-assistance" eId="term-financial-assistance">financial assistance</term>” means grants, loans, guarantees or indemnities, or any other kind of financial assistance;<

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-company" eId="term-company">company</term>” means a company registered under the Companies Act 2006 in England and Wales or Scotland;</content></hcontainer>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(d)</num><content>Northern Ireland legislation;</content></level>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule"><num>SCHEDULE<authorialNote class="referenceNote"><ref href="#section-42

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e5374"><heading>Electricity Act 1989</heading><paragraph eId

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e5430"><heading>Utilities Act 2000</heading><paragraph eId="

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7" eId="d25e5511"><heading>Energy Act 2004</heading><paragraph eId="sch

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="crossheading" class="schGroup7" eId="d25e5544"><heading>Consequential repeals</heading><paragraph eId="schedule-paragraph-4" class="schProv1"><num>4</num><intro>The following provisions are repealed—</intro><level clas

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-14-2"><num>(2)</num><content>References in this Part to the site for a nuclear energy generation project include references to the intended site for the project.</content></subsection>

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="part-2"><num>PART 2</num><heading>Revenue collection contracts</heading><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-revenue-collection-c

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-revenue-collection-contracts"><heading>Revenue collection contracts</heading><section eId="section-15">

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15"><num>15</num><heading>Regulations about revenue collection contracts</heading><subsection eId="section-15-1"><num>(1)</num><content>The Secretary of State may by regulations make provision about revenue collection

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-1"><num>(1)</num><content>The Secretary of State may by regulations make provision about revenue collection contracts.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-2"><num>(2)</num><intro>A revenue collection contract is a contract in relation to which all of the following paragraphs apply—</intro><level class="para1" eId="section-15-2-a"><num>(a)</num><content>the c

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-2-a"><num>(a)</num><content>the contract is between a revenue collection counterparty and a nuclear company in relation to which, immediately before the contract was entered into, a designation under <re

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-2-b"><num>(b)</num><content>certain payments under the contract are to be funded by electricity suppliers (see further <ref href="#section-19">section 19</ref>);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-2-c"><num>(c)</num><content>those payments may be made both before and after the start of electricity generation by the nuclear energy generation project in respect of which the nuclear company holds a l

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-2-d"><num>(d)</num><content>the contract is entered into by the revenue collection counterparty in pursuance of a direction given to it under <ref href="#section-18">section 18</ref>.</content></leve

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-3"><num>(3)</num><intro>For the purposes of this Part—</intro><hcontainer name="definition"><content>“<term refersTo="#term-revenue-collection-counterparty" eId="term-revenue-collection-counterparty">reven

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-revenue-collection-counterparty" eId="term-revenue-collection-counterparty">revenue collection counterparty</term>” is to be construed in accordance with section <ref href="#sect

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-revenue-regulations" eId="term-revenue-regulations">revenue regulations</term>” means regulations under this section.</content></hcontainer>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-4"><num>(4)</num><content>The provision made by this Part is without prejudice to the generality of subsection (1).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-5"><num>(5)</num><intro>Revenue regulations may—</intro><level class="para1" eId="section-15-5-a"><num>(a)</num><content>include incidental, supplementary or consequential provision;</content></level><

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-5-a"><num>(a)</num><content>include incidental, supplementary or consequential provision;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-5-b"><num>(b)</num><content>make transitory or transitional provision or savings;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-5-c"><num>(c)</num><content>make different provision for different purposes;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-5-d"><num>(d)</num><content>make provision subject to exceptions.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-6"><num>(6)</num><content>Revenue regulations are to be made by statutory instrument.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-7"><num>(7)</num><intro>An instrument containing—</intro><level class="para1" eId="section-15-7-a"><num>(a)</num><content>the first revenue regulations that make provision falling within <ref href="#sectio

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-7-a"><num>(a)</num><content>the first revenue regulations that make provision falling within <ref href="#section-23">section 23</ref> or <ref href="#section-24">24</ref>, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-15-7-b"><num>(b)</num><content>revenue regulations that make provision falling within any of sections <ref href="#section-16">16</ref> to <ref href="#section-22">22</ref>,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-8"><num>(8)</num><content>Any other instrument containing revenue regulations is subject to annulment in pursuance of a resolution of either House of Parliament.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-9"><num>(9)</num><content>If, apart from this subsection, a draft of an instrument containing revenue regulations would be treated for the purposes of the standing orders of either House of Parliament as a hybrid

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16"><num>16</num><heading>Designation of a revenue collection counterparty</heading><subsection eId="section-16-1"><num>(1)</num><content>The Secretary of State may by notice given to an eligible person designate the p

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-1"><num>(1)</num><content>The Secretary of State may by notice given to an eligible person designate the person to be a counterparty for revenue collection contracts.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-2"><num>(2)</num><content>A person designated under <ref href="#section-16-1">subsection (1)</ref> is referred to in this Part as a “<term refersTo="#term-revenue-collection-counterparty" eId="term-revenue-collec

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-3"><num>(3)</num><intro>A person is eligible if the person is—</intro><level class="para1" eId="section-16-3-a"><num>(a)</num><content>a company registered under the Companies Act 2006 in England and Wales

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-16-3-a"><num>(a)</num><content>a company registered under the Companies Act 2006 in England and Wales or Scotland, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-16-3-b"><num>(b)</num><content>a public authority, including a person any of whose functions are of a public nature.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-4"><num>(4)</num><content>A designation may be made only with the consent of the person designated.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-5"><num>(5)</num><intro>The Secretary of State may exercise the power to designate so that more than one designation has effect under <ref href="#section-16-1">subsection (1)</ref>, but only if the Secretary of S

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-16-5-a"><num>(a)</num><content>liabilities under a revenue collection contract are met,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-16-5-b"><num>(b)</num><content>arrangements entered into for purposes connected to a revenue collection contract continue to operate, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-16-5-c"><num>(c)</num><content>directions given to a revenue collection counterparty by virtue of this Part continue to have effect.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-6"><num>(6)</num><intro>A designation ceases to have effect if—</intro><level class="para1" eId="section-16-6-a"><num>(a)</num><content>the Secretary of State revokes the designation by notice given to the

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-16-6-a"><num>(a)</num><content>the Secretary of State revokes the designation by notice given to the person designated (in which case the designation ends on the date specified in the notice), or</conte

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-16-6-b"><num>(b)</num><content>the person withdraws consent to the designation by giving not less than 3 months’ notice in writing to the Secretary of State.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-7"><num>(7)</num><content>At any time after the first designation under <ref href="#section-16-1">subsection (1)</ref> has effect, the Secretary of State must, so far as reasonably practicable, exercise the power

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-8"><num>(8)</num><content>The Secretary of State must publish a notice given to a person under <ref href="#section-16-1">subsection (1)</ref> or <ref href="#section-16-6">(6)</ref><ref href="#section-16-6-a">(a)<

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-9"><num>(9)</num><content>As soon as reasonably practicable after a designation ceases to have effect, the Secretary of State must make a transfer scheme under <ref href="#section-26">section 26</ref> to ensure t

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-10"><num>(10)</num><content>Revenue regulations may include provision about the period of time for which, and the circumstances in which, a person who has ceased to be a revenue collection counterparty is to cont

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17"><num>17</num><heading>Duties of a revenue collection counterparty</heading><subsection eId="section-17-1"><num>(1)</num><intro>A revenue collection counterparty must act in accordance with—</intro><level class=

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17-1"><num>(1)</num><intro>A revenue collection counterparty must act in accordance with—</intro><level class="para1" eId="section-17-1-a"><num>(a)</num><content>any direction given by the Secretary of State

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-17-1-a"><num>(a)</num><content>any direction given by the Secretary of State by virtue of this Part;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-17-1-b"><num>(b)</num><content>any provision included in revenue regulations.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17-2"><num>(2)</num><intro>Revenue regulations may make provision—</intro><level class="para1" eId="section-17-2-a"><num>(a)</num><content>to require a revenue collection counterparty to enter into arrangemen

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-17-2-a"><num>(a)</num><content>to require a revenue collection counterparty to enter into arrangements or to offer to contract for purposes connected to a revenue collection contract;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-17-2-b"><num>(b)</num><content>specifying things that a revenue collection counterparty may or must do, or things that a revenue collection counterparty may not do;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-17-2-c"><num>(c)</num><content>conferring on the Secretary of State further powers to direct a revenue collection counterparty to do, or not to do, things specified in the regulations or the direction.<

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17-3"><num>(3)</num><intro>The provision that may be made by virtue of <ref href="#section-17-2">subsection (2)</ref><ref href="#section-17-2-b">(b)</ref> or <ref href="#section-17-2-c">(c)</ref> includes provision

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-17-3-a"><num>(a)</num><content>the enforcement of obligations under a revenue collection contract;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-17-3-b"><num>(b)</num><content>a variation or termination of a revenue collection contract;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-17-3-c"><num>(c)</num><content>the settlement or compromise of a claim under a revenue collection contract;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-17-3-d"><num>(d)</num><content>the conduct of legal proceedings relating to a revenue collection contract;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-17-3-e"><num>(e)</num><content>the exercise of rights under a revenue collection contract.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17-4"><num>(4)</num><content>A revenue collection counterparty must exercise the functions conferred by or by virtue of this Part so as to ensure that it can meet its liabilities under any revenue collection contrac

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17-5"><num>(5)</num><content>Revenue regulations must include such provision as the Secretary of State considers necessary so as to ensure that a revenue collection counterparty can meet its liabilities under any re

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18"><num>18</num><heading>Direction to offer to contract</heading><subsection eId="section-18-1"><num>(1)</num><content>The Secretary of State may, in accordance with any provision made by revenue regulations, direct a

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18-1"><num>(1)</num><content>The Secretary of State may, in accordance with any provision made by revenue regulations, direct a revenue collection counterparty to offer to contract with a designated nuclear company

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18-2"><num>(2)</num><intro>Revenue regulations may make further provision about a direction under this section and in particular about—</intro><level class="para1" eId="section-18-2-a"><num>(a)</num><content>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-18-2-a"><num>(a)</num><content>the circumstances in which a direction may or must be given;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-18-2-b"><num>(b)</num><content>the terms that may or must be specified in a direction.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18-3"><num>(3)</num><intro>The provision that may be made by virtue of <ref href="#section-18-2">subsection (2)</ref> includes provision for calculations or determinations to be made under the regulations, including

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-18-3-a"><num>(a)</num><content>by such persons,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-18-3-b"><num>(b)</num><content>in accordance with such procedure, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-18-3-c"><num>(c)</num><content>by reference to such matters and to the opinion of such persons,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18-4"><num>(4)</num><content>The reference in <ref href="#section-18-1">subsection (1)</ref> to a designated nuclear company is a reference to a nuclear company in relation to which a designation under <ref href="#s

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-payment-and-other-obligations-relating-to-revenue-collection-contracts"><heading>Payment and other obli

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19"><num>19</num><heading>Supplier obligation</heading><subsection eId="section-19-1"><num>(1)</num><content>Revenue regulations must make provision for electricity suppliers to pay a revenue collection counterparty fo

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-1"><num>(1)</num><content>Revenue regulations must make provision for electricity suppliers to pay a revenue collection counterparty for the purpose of enabling the counterparty to make payments under revenue col

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-2"><num>(2)</num><intro>Revenue regulations may make provision for electricity suppliers to pay a revenue collection counterparty for the purpose of enabling the counterparty—</intro><level class="para1" eId=

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-2-a"><num>(a)</num><content>to meet such other descriptions of its costs as the Secretary of State considers appropriate;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-2-b"><num>(b)</num><content>to hold sums in reserve;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-2-c"><num>(c)</num><content>to cover losses in the case of insolvency or default of an electricity supplier.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-3"><num>(3)</num><content>In <ref href="#section-19-2">subsection (2)</ref><ref href="#section-19-2-a">(a)</ref>, “<term refersTo="#term-costs" eId="term-costs">costs</term>” means costs in connection with the pe

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-4"><num>(4)</num><content>Revenue regulations may make provision to require electricity suppliers to provide financial collateral to a revenue collection counterparty (whether in cash, securities or any other for

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-5"><num>(5)</num><content>Revenue regulations that make provision by virtue of <ref href="#section-19-1">subsection (1)</ref> for the payment of sums by electricity suppliers must impose on a revenue collection c

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-6"><num>(6)</num><intro>The provision that may be made by virtue of this section includes provision for—</intro><level class="para1" eId="section-19-6-a"><num>(a)</num><content>a revenue collection counter

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-6-a"><num>(a)</num><content>a revenue collection counterparty to determine the form and terms of any financial collateral;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-6-b"><num>(b)</num><content>a revenue collection counterparty to calculate or determine, in accordance with such criteria as may be provided for by or under the regulations, amounts that are owed by an e

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-6-c"><num>(c)</num><content>the issuing of notices by a revenue collection counterparty to require the payment or provision of such amounts;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-6-d"><num>(d)</num><content>the enforcement of obligations arising under such notices.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-7"><num>(7)</num><intro>Provision made by virtue of <ref href="#section-19-6">subsection (6)</ref><ref href="#section-19-6-b">(b)</ref> may provide for anything that is to be calculated or determined under the re

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-7-a"><num>(a)</num><content>by such persons,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-7-b"><num>(b)</num><content>in accordance with such procedure, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-7-c"><num>(c)</num><content>by reference to such matters and to the opinion of such persons,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-8"><num>(8)</num><intro>Provision made by virtue of <ref href="#section-19-6">subsection (6)</ref><ref href="#section-19-6-d">(d)</ref> may include provision about—</intro><level class="para1" eId="section-19

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-8-a"><num>(a)</num><content>costs;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-8-b"><num>(b)</num><content>interest on late payments under notices;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-8-c"><num>(c)</num><content>references to arbitration;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-8-d"><num>(d)</num><content>appeals.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-9"><num>(9)</num><intro>Any sum that—</intro><level class="para1" eId="section-19-9-a"><num>(a)</num><content>an electricity supplier is required by virtue of revenue regulations to pay to a revenue collec

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-9-a"><num>(a)</num><content>an electricity supplier is required by virtue of revenue regulations to pay to a revenue collection counterparty, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-19-9-b"><num>(b)</num><content>has not been paid by the date on which it is required by virtue of revenue regulations to be paid,</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-20"><num>20</num><heading>Payments to electricity suppliers</heading><subsection eId="section-20-1"><num>(1)</num><content>Revenue regulations may make provision about the amounts that must be paid by a revenue collect

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-20-1"><num>(1)</num><content>Revenue regulations may make provision about the amounts that must be paid by a revenue collection counterparty to electricity suppliers.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-20-2"><num>(2)</num><intro>The provision that may be made by virtue of this section includes provision—</intro><level class="para1" eId="section-20-2-a"><num>(a)</num><content>for a revenue collection counter

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-20-2-a"><num>(a)</num><content>for a revenue collection counterparty to calculate or determine, in accordance with such criteria as may be provided for by or under the regulations, amounts that are owed by

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-20-2-b"><num>(b)</num><intro>for anything that is to be calculated or determined under the regulations to be calculated or determined—</intro><level class="para2" eId="section-20-2-b-i"><num>(i)</num><c

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-20-2-b-i"><num>(i)</num><content>by such persons,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-20-2-b-ii"><num>(ii)</num><content>in accordance with such procedure, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-20-2-b-iii"><num>(iii)</num><content>by reference to such matters and to the opinion of such persons,</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-21"><num>21</num><heading>Application of sums held by a revenue collection counterparty</heading><subsection eId="section-21-1"><num>(1)</num><intro>Revenue regulations may make provision for apportioning sums—</in

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-21-1"><num>(1)</num><intro>Revenue regulations may make provision for apportioning sums—</intro><level class="para1" eId="section-21-1-a"><num>(a)</num><content>received by a revenue collection counterparty f

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-21-1-a"><num>(a)</num><content>received by a revenue collection counterparty from electricity suppliers under provision made by virtue of <ref href="#section-19">section 19</ref>;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-21-1-b"><num>(b)</num><content>received by a revenue collection counterparty under a revenue collection contract,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-21-2"><num>(2)</num><content>The provision that may be made by virtue of <ref href="#section-21-1">subsection (1)</ref> includes provision about the meaning of “unable to fully meet its liabilities under a revenue c

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-21-3"><num>(3)</num><content>In making provision by virtue of <ref href="#section-21-1">subsection (1)</ref>, the Secretary of State must have regard to the principle that sums should be apportioned in proportion to

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-21-4"><num>(4)</num><content>Revenue regulations may make provision about the application of sums held by a revenue collection counterparty.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-21-5"><num>(5)</num><content>The provision that may be made by virtue of <ref href="#section-21-4">subsection (4)</ref> includes provision that sums are to be paid, or not to be paid, into the Consolidated Fund.

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-22"><num>22</num><heading>Enforcement</heading><subsection eId="section-22-1"><num>(1)</num><content>Revenue regulations may make provision for requirements under the regulations to be enforceable by the Authority as i

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-22-1"><num>(1)</num><content>Revenue regulations may make provision for requirements under the regulations to be enforceable by the Authority as if they were relevant requirements imposed on a regulated person for t

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-22-2"><num>(2)</num><content>The provision that may be made by virtue of <ref href="#section-22-1">subsection (1)</ref> includes provision about the enforcement of requirements imposed on the national system operato

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-information-and-advice"><heading>Information and advice</heading><section eId="section-23"><num>23</num

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23"><num>23</num><heading>Information and advice</heading><subsection eId="section-23-1"><num>(1)</num><content>Revenue regulations may make provision about the provision and publication of information and advice.<

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23-1"><num>(1)</num><content>Revenue regulations may make provision about the provision and publication of information and advice.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23-2"><num>(2)</num><intro>The provision that may be made by virtue of <ref href="#section-23-1">subsection (1)</ref> includes provision—</intro><level class="para1" eId="section-23-2-a"><num>(a)</num><content><

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-23-2-a"><num>(a)</num><content>for the Secretary of State to require a revenue collection counterparty, the Authority or the national system operator to provide information or advice to the Secretary of Sta

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-23-2-b"><num>(b)</num><content>for the Secretary of State to require a relevant licensee nuclear company, or a nuclear administrator (within the meaning of <ref href="#part-3">Part 3</ref>), to provide info

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-23-2-c"><num>(c)</num><content>for a revenue collection counterparty to require information to be provided to it by electricity suppliers;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-23-2-d"><num>(d)</num><content>for the national system operator to require information to be provided to it by a relevant licensee nuclear company;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-23-2-e"><num>(e)</num><content>for the Authority to require information to be provided to it by a revenue collection counterparty or the national system operator;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-23-2-f"><num>(f)</num><content>for the sharing of information (otherwise than by virtue of <ref href="#section-23-2-e">paragraph (e)</ref>) between the Authority, a revenue collection counterparty and the n

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-23-2-g"><num>(g)</num><content>for the classification and protection of confidential or sensitive information;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-23-2-h"><num>(h)</num><content>for the enforcement of any requirement imposed by virtue of <ref href="#section-23-2-a">paragraphs (a)</ref> to <ref href="#section-23-2-g">(g)</ref>.</conte

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24"><num>24</num><heading>Functions of the Authority</heading><content>Revenue regulations may make provision conferring functions on the Authority for the purpose of offering advice to, or making determinations on beh

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-consultation"><heading>Consultation</heading><section eId="section-25"><num>25</num><heading>Consultati

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-25"><num>25</num><heading>Consultation</heading><subsection eId="section-25-1"><num>(1)</num><intro>Before making revenue regulations, the Secretary of State must consult—</intro><level class="para1" eId="section-2

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-25-1"><num>(1)</num><intro>Before making revenue regulations, the Secretary of State must consult—</intro><level class="para1" eId="section-25-1-a"><num>(a)</num><content>the Scottish Ministers,</content>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-25-1-a"><num>(a)</num><content>the Scottish Ministers,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-25-1-b"><num>(b)</num><content>the Welsh Ministers,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-25-1-c"><num>(c)</num><content>every nuclear company in relation to which a designation under <ref href="#section-2">section 2</ref><ref href="#section-2-1">(1)</ref> has effect,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-25-1-d"><num>(d)</num><content>every nuclear company that is a relevant licensee nuclear company,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-25-1-e"><num>(e)</num><content>every holder of a licence to supply electricity under section 6(1)(d) of the Electricity Act 1989,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-25-1-f"><num>(f)</num><content>the Authority,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-25-1-g"><num>(g)</num><content>the national system operator, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-25-1-h"><num>(h)</num><content>such other persons as the Secretary of State considers appropriate.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-25-2"><num>(2)</num><content><ref href="#section-25-1">Subsection (1)</ref> may be satisfied by consultation before the passing of this Act (as well as by consultation after that time).</content></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-transfer-schemes"><heading>Transfer schemes</heading><section eId="section-26"><num>26</num><heading>Re

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26"><num>26</num><heading>Revenue collection counterparties: transfer schemes</heading><subsection eId="section-26-1"><num>(1)</num><content>The Secretary of State may make one or more schemes for the transfer of desig

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-1"><num>(1)</num><content>The Secretary of State may make one or more schemes for the transfer of designated property, rights or liabilities of a person who has ceased to be a revenue collection counterparty (“<t

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-2"><num>(2)</num><content>On the transfer date, the designated property, rights and liabilities are transferred and vest in accordance with the scheme.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-3"><num>(3)</num><content>The rights and liabilities that may be transferred by a scheme include those arising under or in connection with a contract of employment.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-4"><num>(4)</num><content>A certificate by the Secretary of State that anything specified in the certificate has vested in any person by virtue of a scheme is conclusive evidence for all purposes of that fact.</p

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-5"><num>(5)</num><intro>A scheme may make provision—</intro><level class="para1" eId="section-26-5-a"><num>(a)</num><content>for anything done by or in relation to the transferor in connection with any pro

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-5-a"><num>(a)</num><content>for anything done by or in relation to the transferor in connection with any property, rights or liabilities transferred by the scheme to be treated as done, or to be continue

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-5-b"><num>(b)</num><content>for references to the transferor in any agreement (whether written or not), instrument or other document relating to any property, rights or liabilities transferred by the sch

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-5-c"><num>(c)</num><content>about the continuation of legal proceedings;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-5-d"><num>(d)</num><content>for transferring property, rights or liabilities that could not otherwise be transferred or assigned;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-5-e"><num>(e)</num><content>for transferring property, rights and liabilities irrespective of any requirement for consent that would otherwise apply;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-5-f"><num>(f)</num><content>for preventing a right of pre-emption, right of reverter, right of forfeiture, right to compensation or other similar right from arising or becoming exercisable as a result of

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-5-g"><num>(g)</num><content>for dispensing with any formality in relation to the transfer of property, rights or liabilities by the scheme;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-5-h"><num>(h)</num><content>for transferring property acquired, or rights or liabilities arising, after the scheme is made but before it takes effect;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-5-i"><num>(i)</num><content>for apportioning property, rights or liabilities;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-5-j"><num>(j)</num><content>for creating rights, or imposing liabilities, in connection with property, rights or liabilities transferred by the scheme;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-5-k"><num>(k)</num><content>for requiring the transferee to enter into any agreement of any kind, or for a purpose, specified in or determined in accordance with the scheme.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-6"><num>(6)</num><intro>Subsection <ref href="#section-26-5">(5)</ref><ref href="#section-26-5-b">(b)</ref> does not apply to references in—</intro><level class="para1" eId="section-26-6-a"><num>(a)</num><con

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-6-a"><num>(a)</num><content>primary legislation, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-6-b"><num>(b)</num><content>an instrument made under primary legislation.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-7"><num>(7)</num><content>A scheme may contain provision for the payment of compensation by the Secretary of State to any person whose interests are adversely affected by it.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-8"><num>(8)</num><intro>A transfer scheme may—</intro><level class="para1" eId="section-26-8-a"><num>(a)</num><content>include incidental, supplementary or consequential provision;</content></level><le

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-8-a"><num>(a)</num><content>include incidental, supplementary or consequential provision;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-8-b"><num>(b)</num><content>make transitory or transitional provision or savings;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-8-c"><num>(c)</num><content>make different provision for different purposes;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-26-8-d"><num>(d)</num><content>make provision subject to exceptions.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-9"><num>(9)</num><intro>In this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-designated" eId="term-designated">designated</term>”, in relation to a scheme, means specified

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-revenue-collection-counterparty" eId="term-revenue-collection-counterparty">revenue collection counterparty</term>” has the same meaning as in <ref href="#part-2">Part 2</ref>.</

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><intro>“<term refersTo="#term-primary-legislation" eId="term-primary-legislation">primary legislation</term>” means—</intro><level class="para1"><num>(a)</num><content>an Act of Parliament,</content>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(a)</num><content>an Act of Parliament,</content></level>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-national-system-operator" eId="term-national-system-operator">national system operator</term>” means the person operating the national transmission system for Great Britain (and

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(c)</num><content>an Act or Measure of Senedd Cymru, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(b)</num><content>an Act of the Scottish Parliament,</content></level>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-nuclear-administrator" eId="term-nuclear-administrator">nuclear administrator</term>” has the same meaning as in <ref href="#part-3">Part 3</ref>;</content></hcontainer>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-paragraph-3" class="schProv1"><num>3</num><intro>In section 137 of the Energy Act 2004 (ne

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-paragraph-3-a"><num>(a)</num><content>omit the “or” after paragraph (e), and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="schedule-paragraph-3-b"><num>(b)</num><content><mod>after paragraph (f) insert <quotedTex

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-the-transfer-date" eId="term-the-transfer-date">the transfer date</term>” means a date specified by a scheme as the date on which the scheme is to have effect.</content></hco

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-27"><num>27</num><heading>Modification of transfer schemes</heading><subsection eId="section-27-1"><num>(1)</num><content>The Secretary of State may modify a transfer scheme made under <ref href="#section-26">section 2

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-27-1"><num>(1)</num><content>The Secretary of State may modify a transfer scheme made under <ref href="#section-26">section 26</ref>, subject to <ref href="#section-27-2">subsection (2)</ref>.</content></subsect

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-27-2"><num>(2)</num><content>If a transfer under the scheme has taken effect, any modification under <ref href="#section-27-1">subsection (1)</ref> that relates to the transfer may be made only with the agreement of

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-27-3"><num>(3)</num><content>A modification takes effect from such date as the Secretary of State may specify (which may be the date when the original scheme came into effect).</content></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-miscellaneous-and-interpretation"><heading>Miscellaneous and interpretation</heading><section eId="sect

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-28"><num>28</num><heading>Shadow directors, etc</heading><intro>The Secretary of State is not, by virtue of the exercise of a power conferred by or by virtue of this Part, to be regarded as—</intro><level class="pa

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-a"><num>(a)</num><content>a person occupying the position of director in relation to a revenue collection counterparty;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-b"><num>(b)</num><content>a person in accordance with whose directions or instructions the directors of a revenue collection counterparty are accustomed to act;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-c"><num>(c)</num><content>exercising any function of management in a revenue collection counterparty;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-28-d"><num>(d)</num><content>a principal of a revenue collection counterparty.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29"><num>29</num><heading>Licence modifications</heading><subsection eId="section-29-1"><num>(1)</num><intro>The Secretary of State may modify—</intro><level class="para1" eId="section-29-1-a"><num>(a)</num><conten

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-1"><num>(1)</num><intro>The Secretary of State may modify—</intro><level class="para1" eId="section-29-1-a"><num>(a)</num><content>a condition of a particular licence under section 6(1)(b) or (c) of the El

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-1-a"><num>(a)</num><content>a condition of a particular licence under section 6(1)(b) or (c) of the Electricity Act 1989 (transmission and distribution licences);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-1-b"><num>(b)</num><content>the standard conditions incorporated in licences under section 6(1)(b) or (c) of the Electricity Act 1989 by virtue of section 8A of that Act;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-1-c"><num>(c)</num><content>a document maintained in accordance with the conditions of licences under section 6(1)(b) or (c) of the Electricity Act 1989 or an agreement that gives effect to a document so

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-2"><num>(2)</num><intro>The Secretary of State may make a modification under <ref href="#section-29-1">subsection (1)</ref> only for the purpose of—</intro><level class="para1" eId="section-29-2-a"><num>(a)</

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-2-a"><num>(a)</num><content>allowing or requiring services to be provided to a revenue collection counterparty;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-2-b"><num>(b)</num><content>enforcing obligations under a revenue collection contract.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-3"><num>(3)</num><content>Provision included in a licence, or in a document or agreement relating to licences, by virtue of <ref href="#section-29-1">subsection (1)</ref> may in particular include provision of a

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-4"><num>(4)</num><intro>Before making a modification under <ref href="#section-29-1">subsection (1)</ref>, the Secretary of State must consult—</intro><level class="para1" eId="section-29-4-a"><num>(a)</num><

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-4-a"><num>(a)</num><content>the Scottish Ministers,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-4-b"><num>(b)</num><content>the Welsh Ministers,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-4-c"><num>(c)</num><content>the holder of any licence being modified,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-4-d"><num>(d)</num><content>every holder of a licence to supply electricity under section 6(1)(d) of the Electricity Act 1989,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-4-e"><num>(e)</num><content>the Authority, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-4-f"><num>(f)</num><content>such other persons as the Secretary of State considers appropriate.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-5"><num>(5)</num><content><ref href="#section-29-4">Subsection (4)</ref> may be satisfied by consultation before the passing of this Act (as well as by consultation after that time).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-6"><num>(6)</num><intro>The power under <ref href="#section-29-1">subsection (1)</ref>—</intro><level class="para1" eId="section-29-6-a"><num>(a)</num><content>may be exercised generally, only in relation

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-6-a"><num>(a)</num><content>may be exercised generally, only in relation to specified cases or subject to exceptions (including provision for a case to be excepted only so long as specified conditions ar

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-6-b"><num>(b)</num><content>may be exercised differently for different purposes;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-6-c"><num>(c)</num><content>includes power to make incidental, supplementary, consequential or transitional modifications.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-7"><num>(7)</num><intro>Provision included in a licence, or in a document or agreement relating to licences, by virtue of <ref href="#section-29-1">subsection (1)</ref>—</intro><level class="para1" eId="secti

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-7-a"><num>(a)</num><content>may make different provision for different purposes;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-7-b"><num>(b)</num><content>need not relate to the activities authorised by the licence;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-7-c"><num>(c)</num><content>may do anything authorised for licences of that type by section 7(2A), (3), (4), (5) or (6A) of the Electricity Act 1989.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-8"><num>(8)</num><content>The Secretary of State must publish details of any modifications made under <ref href="#section-29-1">subsection (1)</ref> as soon as reasonably practicable after they are made.</con

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-9"><num>(9)</num><intro>If under <ref href="#section-29-1">subsection (1)</ref> the Secretary of State makes a modification of the standard conditions of a licence, the Authority must—</intro><level class="pa

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-9-a"><num>(a)</num><content>make the same modification of those standard conditions for the purposes of their incorporation in licences of that type granted after that time, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-29-9-b"><num>(b)</num><content>publish the modification.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-10"><num>(10)</num><content>A modification made under <ref href="#section-29-1">subsection (1)</ref> of part of a standard condition of a licence does not prevent any other part of the condition from continuing t

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-11"><num>(11)</num><content>The power conferred by <ref href="#section-29-1">subsection (1)</ref> to “<term refersTo="#term-modify" eId="term-modify">modify</term>” (in relation to licence conditions or a documen

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30"><num>30</num><heading>Interpretation of <ref href="#part-2">Part 2</ref></heading><intro>In this Part—</intro><hcontainer name="definition"><content>“<term refersTo="#term-the-authority" eId="term-the-author

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-the-authority" eId="term-the-authority">the Authority</term>” means the Gas and Electricity Markets Authority;</content></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-electricity-generation-licence" eId="term-electricity-generation-licence">electricity generation licence</term>” has the meaning given by <ref href="#section-1">section 1</ref><r

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="part-3"><num>PART 3</num><heading>Special administration regime</heading><hcontainer name="crossheading" uk

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-3-crossheading-relevant-licensee-nuclear-company-administration-orders"><heading>Relevant licensee nuclear company adm

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31"><num>31</num><heading>Relevant licensee nuclear company administration orders</heading><subsection eId="section-31-1"><num>(1)</num><intro>A relevant licensee nuclear company administration order (referred to in th

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-1"><num>(1)</num><intro>A relevant licensee nuclear company administration order (referred to in this Part as an “<term refersTo="#term-rlnc-administration-order" eId="term-rlnc-administration-order">RLNC adminis

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-31-1-a"><num>(a)</num><content>is made by the court in relation to a relevant licensee nuclear company;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-31-1-b"><num>(b)</num><content>directs that, while the order is in force, the affairs, business and property of the company are to be managed by a person appointed by the court.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-2"><num>(2)</num><content>The person appointed in relation to a company for the purposes of an RLNC administration order is referred to in this Part as the nuclear administrator of the company.</content></sub

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-3"><num>(3)</num><content>The nuclear administrator of a company must manage the company’s affairs, business and property, and exercise and perform all the powers and duties of a nuclear administrator, so as to a

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-4"><num>(4)</num><intro>In this Part—</intro><hcontainer name="definition"><content>“<term refersTo="#term-relevant-licence" eId="term-relevant-licence">relevant licence</term>”, in relation to a relevant

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32"><num>32</num><heading>Objective of a relevant licensee nuclear company administration</heading><subsection eId="section-32-1"><num>(1)</num><intro>The objective of a relevant licensee nuclear company administration

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32-1"><num>(1)</num><intro>The objective of a relevant licensee nuclear company administration is to secure—</intro><level class="para1" eId="section-32-1-a"><num>(a)</num><content>that electricity generation

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-32-1-a"><num>(a)</num><content>that electricity generation commences, or continues, at the nuclear installation in respect of which the relevant licensee nuclear company to which the administration relates

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-32-1-b"><num>(b)</num><content>that it becomes unnecessary, by one or both of the following means, for the RLNC administration order to remain in force for that purpose.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32-2"><num>(2)</num><intro>Those means are—</intro><level class="para1" eId="section-32-2-a"><num>(a)</num><content>the rescue as a going concern of the company subject to the RLNC administration order, and</

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-32-2-a"><num>(a)</num><content>the rescue as a going concern of the company subject to the RLNC administration order, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-32-2-b"><num>(b)</num><content>transfers falling within subsection <ref href="#section-32-3">(3)</ref>.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32-3"><num>(3)</num><intro>A transfer falls within this subsection if it is a transfer as a going concern—</intro><level class="para1" eId="section-32-3-a"><num>(a)</num><content>to another company, or</c

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-32-3-a"><num>(a)</num><content>to another company, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-32-3-b"><num>(b)</num><content>as respects different parts of the undertaking of the company subject to the RLNC administration order, to two or more different companies,</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32-4"><num>(4)</num><intro>The means by which transfers falling within subsection <ref href="#section-32-3">(3)</ref> may be effected include, in particular—</intro><level class="para1" eId="section-32-4-a"><num

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-32-4-a"><num>(a)</num><content>a transfer of the undertaking of the company subject to the RLNC administration order, or of a part of its undertaking, to a wholly-owned subsidiary of that company, and</

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-32-4-b"><num>(b)</num><content>a transfer to a company of securities of a wholly-owned subsidiary to which there has been a transfer falling within paragraph <ref href="#section-32-4-a">(a)</ref>.</cont

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32-5"><num>(5)</num><intro>The objective of a relevant licensee nuclear company administration may be achieved by a transfer falling within subsection <ref href="#section-32-3">(3)</ref> to the extent only that—

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-32-5-a"><num>(a)</num><content>the rescue as a going concern of the company subject to the RLNC administration order is not reasonably practicable or is not reasonably practicable without such a transfer,</

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-32-5-b"><num>(b)</num><content>the rescue of that company as a going concern will not achieve that objective or will not do so without such a transfer,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-32-5-c"><num>(c)</num><content>such a transfer would produce a result for the company’s creditors as a whole that is better than the result that would be produced without it, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-32-5-d"><num>(d)</num><content>such a transfer would, without prejudicing the interests of those creditors as a whole, produce a result for the company's members as a whole that is better than the result th

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32-6"><num>(6)</num><content>In this section, “<term refersTo="#term-nuclear-installation" eId="term-nuclear-installation">nuclear installation</term>” has the same meaning as in the Nuclear Installations Act 1965.<

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-3-crossheading-application-and-amendment-of-the-energy-act

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-33"><num>33</num><heading>Application of certain provisions of the Energy Act 2004</heading><sub

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-1"><num>(1)</num><content>Sections 156 to 167 of, and Schedules 20 and 21 to, the Energy Act 2004 (special administration regime for energy licensees) apply in relation to an RLNC administration order as they app

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-2"><num>(2)</num><intro>In the application of those provisions generally—</intro><level class="para1" eId="section-33-2-a"><num>(a)</num><content><mod>for “energy administration”, in each place where it oc

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-2-a"><num>(a)</num><content><mod>for “energy administration”, in each place where it occurs, substitute <quotedText>“relevant licensee nuclear company administration”</quotedText>;</mod></content></l

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-2-b"><num>(b)</num><content><mod>for “energy administrator”, in each place where it occurs, substitute <quotedText>“nuclear administrator”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-2-c"><num>(c)</num><content><mod>for “a protected energy company”, in each place where it occurs, substitute <quotedText>“a relevant licensee nuclear company”</quotedText>.</mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-3"><num>(3)</num><intro>In the application of sections 156 to 167—</intro><level class="para1" eId="section-33-3-a"><num>(a)</num><content>in section 156(4), omit paragraph (b) (and the “or” before it);</p

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-3-a"><num>(a)</num><content>in section 156(4), omit paragraph (b) (and the “or” before it);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-3-b"><num>(b)</num><intro>in section 157 omit—</intro><level class="para2" eId="section-33-3-b-i"><num>(i)</num><content>subsection (7), and</content></level><level class="para2" eId="section-

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-33-3-b-i"><num>(i)</num><content>subsection (7), and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-33-3-b-ii"><num>(ii)</num><content>paragraph (b) of subsection (8) (and the “or” before it);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-3-c"><num>(c)</num><content>in section 164, omit subsection (2).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-4"><num>(4)</num><intro>In the application of Schedule 20—</intro><level class="para1" eId="section-33-4-a"><num>(a)</num><content>omit paragraph 1(2);</content></level><level class="para1" eId="sectio

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-4-a"><num>(a)</num><content>omit paragraph 1(2);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-4-b"><num>(b)</num><content><mod>in paragraph 32(1)(d), for the words from ““energy administration application”” to “Energy Act 2004” substitute <quotedText>““<term refersTo="#term-relevant-licensee-nucl

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-4-c"><num>(c)</num><content><mod>in paragraph 32(1)(e), for “section 155 of the Energy Act 2004” substitute <quotedText>“section <ref href="#section-32">32</ref> of the Nuclear Energy (Financing) Act 202

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-4-e"><num>(e)</num><content>omit paragraph 42(1);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-4-f"><num>(f)</num><content><mod>in paragraph 43, after “the Energy Act 2004” insert <quotedText>“and section <ref href="#section-33">33</ref> of the Nuclear Energy (Financing) Act 2022”</quotedText>;</m

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-4-g"><num>(g)</num><content><mod>in paragraph 44(5), after “the Energy Act 2004” insert <quotedText>“and section <ref href="#section-33">33</ref> of the Nuclear Energy (Financing) Act 2022”</quotedText>;

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-4-h"><num>(h)</num><content><mod>in paragraph 45, after “section 157(1)(e) of this Act” insert <quotedText>“as applied by section <ref href="#section-33">33</ref> of the Nuclear Energy (Financing) Act 20

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-4-i"><num>(i)</num><content>omit paragraph 46 (but see section <ref href="#section-38">38</ref> of this Act);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-4-j"><num>(j)</num><content><mod>in paragraph 47, after “Part 1 of this Schedule” insert <quotedText>“and section <ref href="#section-33">33</ref> of the Nuclear Energy (Financing) Act 2022”</quotedText>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-33-5"><num>(5)</num><intro>In the application of Schedule 21—</intro><level class="par

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-5-a"><num>(a)</num><content><mod>for “old energy company”, in each place where it occurs, substitute <quotedText>“old relevant licensee nuclear company”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-5-b"><num>(b)</num><content><mod> for “new energy company”, in each place where it occurs, substitute <quotedText>“new relevant licensee nuclear company”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-5-c"><num>(c)</num><content><mod>in paragraph 1(b), for “section 155(3)” substitute <quotedText>“section <ref href="#section-32">32</ref><ref href="#section-32-3">(3)</ref> of the Nuclear Energy (Financi

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-33-5-d"><num>(d)</num><content><mod>in paragraphs 3(8) and 9(6), for “GEMA” subst

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-5-e"><num>(e)</num><content>omit paragraph 10;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-5-f"><num>(f)</num><content><mod>in paragraph 12, for “section 155” substitute <quotedText>“section <ref href="#section-32">32</ref> of the Nuclear Energy (Financing) Act 2022”</quotedText>.</mod></c

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-6"><num>(6)</num><content>Sections 171 and 196 of the Energy Act 2004 (interpretation) apply for the purposes of the application by subsection <ref href="#section-33-1">(1)</ref> of the provisions mentioned in th

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-33-7"><num>(7)</num><intro>In the application of section 171(1)—</intro><level class="

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-7-a"><num>(a)</num><content>in the definition of “company”, omit paragraph (b) (and the “or” before it);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-7-b"><num>(b)</num><content>omit the definition of “non-GB company”;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-33-7-c"><num>(c)</num><content><mod>insert, at the appropriate places, the follow

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-33-7-d"><num>(d)</num><content><mod>for the definition of “energy administrator”

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-33-7-e"><num>(e)</num><content><mod>for the definition of “relevant licence” subs

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-7-f"><num>(f)</num><content>omit the definition of “unregistered company”.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34"><num>34</num><heading>Conduct of administration, transfer schemes, etc</heading><content><mod>In section 159(3) of the Energy Act 2004 (conduct of administration, transfer schemes, etc under Chapter 3 of Part 3 of

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-3-crossheading-licence-modifications"><heading>Licence modifications</heading><section eId="section-35"><num>35</num><

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-35"><num>35</num><heading>Licence modifications: relevant licensee nuclear company administration</heading><subsection eId="section-35-1"><num>(1)</num><intro>The Secretary of State may modify—</intro><level class=

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-35-1"><num>(1)</num><intro>The Secretary of State may modify—</intro><level class="para1" eId="section-35-1-a"><num>(a)</num><content>a condition of a relevant licensee nuclear company’s relevant licence;

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-1-a"><num>(a)</num><content>a condition of a relevant licensee nuclear company’s relevant licence;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-1-b"><num>(b)</num><content>a term of a relevant licensee nuclear company’s relevant licence.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-35-2"><num>(2)</num><intro>The Secretary of State may exercise the power under subsection <ref href="#section-35-1">(1)</ref> only—</intro><level class="para1" eId="section-35-2-a"><num>(a)</num><content>if a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-2-a"><num>(a)</num><content>if an RLNC administration order is in force in relation to the relevant licensee nuclear company, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-2-b"><num>(b)</num><content>for the purpose of furthering the objective of a relevant licensee nuclear company administration.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-35-3"><num>(3)</num><intro>When exercising the power under subsection <ref href="#section-35-1">(1)</ref>, the Secretary of State must have regard to—</intro><level class="para1" eId="section-35-3-a"><num>(a)</n

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-3-a"><num>(a)</num><content>the duties of the Secretary of State under sections 1 and 4(1)(b) of the Climate Change Act 2008 (carbon targets and budgets);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-3-b"><num>(b)</num><content>the interests of existing and future consumers of electricity, including their interests in relation to the cost and security of supply of electricity;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-3-c"><num>(c)</num><content>costs, expenditure or liabilities of any description that the relevant licensee nuclear company may reasonably be expected to incur in carrying out its activities;</conten

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-3-d"><num>(d)</num><content>the need to secure that the relevant licensee nuclear company is able to finance its activities;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-3-e"><num>(e)</num><content>the need to secure that the relevant licensee nuclear company has appropriate incentives in relation to the carrying out of its activities;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-3-f"><num>(f)</num><content>such other matters as the Secretary of State considers appropriate.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-35-4"><num>(4)</num><intro>Modifications made under subsection <ref href="#section-35-1">(1)</ref><ref href="#section-35-1-a">(a)</ref> may include, for example—</intro><level class="para1" eId="section-35-4-a">

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-4-a"><num>(a)</num><content>provision about the revenue that the relevant licensee nuclear company may receive in respect of its activities;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-4-b"><num>(b)</num><content>provision about how the relevant licensee nuclear company’s revenue referred to in paragraph <ref href="#section-35-4-a">(a)</ref> is to be calculated;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-4-c"><num>(c)</num><content>provision about the amounts that the relevant licensee nuclear company is entitled to receive, or is required to pay, under any revenue collection contract (within the meaning

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-4-d"><num>(d)</num><content>provision requiring the relevant licensee nuclear company to co-operate with the Authority and to provide such information and assistance to the Authority as the Authority may

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-4-e"><num>(e)</num><content>provision about RLNC administration orders, including provision about the raising of funds for the purpose of meeting expenses arising by virtue of such an order;</content

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-4-f"><num>(f)</num><content>provision about the disclosure or publication of information by the relevant licensee nuclear company.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-35-5"><num>(5)</num><intro>The Secretary of State may modify—</intro><level class="para1" eId="section-35-5-a"><num>(a)</num><content>the standard conditions incorporated in licences under section 6(1)(a) to

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-5-a"><num>(a)</num><content>the standard conditions incorporated in licences under section 6(1)(a) to (d) of the Electricity Act 1989 by virtue of section 8A of that Act;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-35-5-b"><num>(b)</num><content>a document maintained in accordance with the conditions of licences under section 6(1)(a) to (d) of the Electricity Act 1989 or an agreement that gives effect to a document so

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-35-6"><num>(6)</num><content>The Secretary of State may exercise the power under subsection <ref href="#section-35-5">(5)</ref> only if the Secretary of State considers it appropriate to do so in consequence of, or

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-35-7"><num>(7)</num><content>References in this section to the activities of a relevant licensee nuclear company are references to the company’s activities in relation to the design, construction, commissioning and

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36"><num>36</num><heading>Procedure etc relating to modifications under <ref href="#section-35">section 35</ref></heading><subsection eId="section-36-1"><num>(1)</num><intro>Before making a modification under a power c

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-1"><num>(1)</num><intro>Before making a modification under a power conferred by section <ref href="#section-35">35</ref><ref href="#section-35-1">(1)</ref> or <ref href="#section-35-5">(5)</ref>, the Secretary of

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-1-a"><num>(a)</num><content>the nuclear administrator (including as agent of the relevant licensee nuclear company),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-1-b"><num>(b)</num><content>the Authority,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-1-c"><num>(c)</num><content>the Office for Nuclear Regulation,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-1-d"><num>(d)</num><content>where any part of the relevant site is in England, the Environment Agency,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-1-e"><num>(e)</num><content>where any part of the relevant site is in Wales, the Welsh Ministers and Natural Resources Wales,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-1-f"><num>(f)</num><content>where any part of the relevant site is in Scotland, the Scottish Ministers and the Scottish Environment Protection Agency,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-1-g"><num>(g)</num><content>in the case of a modification under section <ref href="#section-35">35</ref><ref href="#section-35-5">(5)</ref>, other holders of a licence being modified, and</content></

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-1-h"><num>(h)</num><content>such other persons as the Secretary of State considers appropriate.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-2"><num>(2)</num><content>For the purposes of <ref href="#section-36-1">subsection (1)</ref>, the “relevant site” is the site of the nuclear installation (within the meaning of the Nuclear Installations Act 1965)

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-3"><num>(3)</num><intro>The powers under <ref href="#section-35">section 35</ref><ref href="#section-35-1">(1)</ref> and <ref href="#section-35-5">(5)</ref>—</intro><level class="para1" eId="section-36-3-a"><

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-3-a"><num>(a)</num><content>may be exercised generally, only in relation to specified cases, or subject to exceptions (including provision for a case to be excepted only so long as specified conditions a

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-3-b"><num>(b)</num><content>may be exercised differently for different purposes;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-3-c"><num>(c)</num><content>include a power to make incidental, supplementary, consequential or transitional modifications.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-4"><num>(4)</num><intro>Provision included in a licence, or in a document or agreement described in <ref href="#section-35">section 35</ref><ref href="#section-35-5">(5)</ref><ref href="#section-35-5-b">(b)</ref>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-4-a"><num>(a)</num><content>may make different provision for different purposes;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-4-b"><num>(b)</num><content>need not relate to the activities authorised by the licence;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-4-c"><num>(c)</num><content>may do anything authorised for licences of that type by section 7(4), (5)(a) or (6A) of the Electricity Act 1989.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-5"><num>(5)</num><content>The Secretary of State must publish details of any modifications made under <ref href="#section-35">section 35</ref><ref href="#section-35-1">(1)</ref> or <ref href="#section-35-5">(5)</

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-6"><num>(6)</num><intro>The Secretary of State may exclude from publication under <ref href="#section-36-5">subsection (5)</ref> anything the publication of which the Secretary of State considers—</intro><lev

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-6-a"><num>(a)</num><content>would be likely to prejudice the commercial interests of any person, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-6-b"><num>(b)</num><content>would be contrary to the interests of national security.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-7"><num>(7)</num><intro>If under <ref href="#section-35">section 35</ref><ref href="#section-35-5">(5)</ref> the Secretary of State makes a modification of the standard conditions of a licence, the Authority must

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-7-a"><num>(a)</num><content>make the same modification of those standard conditions for the purposes of their incorporation in licences of that type granted after that time, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-36-7-b"><num>(b)</num><content>publish the modification.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-8"><num>(8)</num><content>A modification made under <ref href="#section-35">section 35</ref><ref href="#section-35-1">(1)</ref> or <ref href="#section-35-5">(5)</ref> of part of a standard condition of a licence

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-3-crossheading-powers-to-modify-enactments"><heading>Powers to modify enactments</heading><section eId="section-37"><n

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37"><num>37</num><heading>Modification under the Enterprise Act 2002</heading><subsection eId="section-37-1"><num>(1)</num><content>The power to modify or apply enactments conferred on the Secretary of State by each of

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37-1"><num>(1)</num><content>The power to modify or apply enactments conferred on the Secretary of State by each of sections 248 and 277 of the Enterprise Act 2002 (amendments consequential on that Act) includes pow

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37-2"><num>(2)</num><content><mod>In section 170(1) of the Energy Act 2004 (modification of Chapter 3 of Part 3 of that Act under the Enterprise Act 2002), for “or section 4 of the Smart Meters Act 2018” substitute

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-38"><num>38</num><heading>Power to make further modifications of insolvency legislation</heading><subsection eId="section-38-1"><num>(1)</num><intro>The Secretary of State may by regulations—</intro><level class="p

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-38-1"><num>(1)</num><intro>The Secretary of State may by regulations—</intro><level class="para1" eId="section-38-1-a"><num>(a)</num><content>provide for insolvency legislation to apply in relation to any pro

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-38-1-a"><num>(a)</num><content>provide for insolvency legislation to apply in relation to any provision made by or under this Part;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-38-1-b"><num>(b)</num><content>make such modifications of insolvency legislation as the Secretary of State considers appropriate in relation to any provision made by or under this Part (including any insolv

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-38-2"><num>(2)</num><intro>In relation to regulations under subsection <ref href="#section-38-1">(1)</ref>, “<term refersTo="#term-insolvency-legislation" eId="term-insolvency-legislation">insolvency legislation</te

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-38-2-a"><num>(a)</num><content>the Insolvency Act 1986,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-38-2-b"><num>(b)</num><content>Chapter 3 of Part 3 of the Energy Act 2004, and </content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-38-2-c"><num>(c)</num><intro>any other provision that relates to insolvency, or makes provision by reference to anything that is or may be done under the Insolvency Act 1986, and is—</intro><level class

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-38-2-c-i"><num>(i)</num><content>contained in an Act passed before this Act or in the same Session, or</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para2" eId="section-38-2-c-ii"><num>(ii)</num><content>made under an Act before the regulations come into force. </content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-38-3"><num>(3)</num><content>Provision made under subsection <ref href="#section-38-1">(1)</ref> may amend this Part.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-38-4"><num>(4)</num><content>Regulations under this section are to be made by statutory instrument.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-38-5"><num>(5)</num><content>Regulations under this section must not be made unless a draft of the statutory instrument containing them has been laid before and approved by a resolution of each House of Parliament.<

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-3-crossheading-interpretation"><heading>Interpretation</heading><section eId="section-39"><num>39</num><heading>Interp

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-39"><num>39</num><heading>Interpretation of <ref href="#part-3">Part 3</ref></heading><subsection eId="section-39-1"><num>(1)</num><intro>In this Part—</intro><hcontainer name="definition"><content>“<term refers

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-39-1"><num>(1)</num><intro>In this Part—</intro><hcontainer name="definition"><content>“<term refersTo="#term-the-authority" eId="term-the-authority">the Authority</term>” means the Gas and Electricity Market

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><intro>“<term refersTo="#term-court" eId="term-court">court</term>”, in relation to a company, means the court—</intro><level class="para1"><num>(a)</num><content>having jurisdiction to wind up the compa

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(a)</num><content>having jurisdiction to wind up the company, or</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-39-2"><num>(2)</num><intro>In this Part references to the nuclear administrator of a company—</intro><level class="para1" eId="section-39-2-a"><num>(a)</num><content>include references to a person appointed u

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-39-2-a"><num>(a)</num><content>include references to a person appointed under paragraph 91 or 103 of Schedule B1 to the Insolvency Act 1986, as applied by Part 1 of Schedule 20 to the Energy Act 2004 and se

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-39-2-b"><num>(b)</num><content>where two or more persons are appointed to be the nuclear administrator of that company, are to be construed in accordance with the provision made under section 158(5) of the

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="part-4"><num>PART 4</num><heading>Miscellaneous and final provisions</heading><section eId="section-40"><nu

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-40"><num>40</num><heading>Decommissioning of nuclear sites: bodies corporate not “associated”</h

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-40-1"><num>(1)</num><content><mod>In section 67 of the Energy Act 2008 (meaning of “<term

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-40-2"><num>(2)</num><content><mod>After section 67 of that Act insert—<quotedStructure sta

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41"><num>41</num><heading>Financial provision</heading><subsection eId="section-41-1"><num>(1)</num><intro>There is to be paid out of money provided by Parliament—</intro><level class="para1" eId="section-41-1-a"><

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41-1"><num>(1)</num><intro>There is to be paid out of money provided by Parliament—</intro><level class="para1" eId="section-41-1-a"><num>(a)</num><content>any expenditure incurred by the Secretary of State b

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-1-a"><num>(a)</num><content>any expenditure incurred by the Secretary of State by virtue of this Act;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-1-b"><num>(b)</num><content>any expenditure incurred by the Competition and Markets Authority by virtue of this Act;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-1-c"><num>(c)</num><content>any expenditure incurred by the Authority by virtue of this Act;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-1-d"><num>(d)</num><content>any increase attributable to this Act in the sums payable out of money so provided under any other Act.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41-2"><num>(2)</num><intro>The expenditure referred to in <ref href="#section-41-1">subsection (1)</ref><ref href="#section-41-1-a">(a)</ref> includes expenditure incurred by the Secretary of State for the purposes

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-2-a"><num>(a)</num><content>the establishment of a revenue collection counterparty;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-2-b"><num>(b)</num><content>making payments or providing financial assistance to a revenue collection counterparty;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-41-2-c"><num>(c)</num><content>making payments to a nuclear administrator or a relevant licensee nuclear company under or by virtue of <ref href="#part-3">Part 3</ref>.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41-3"><num>(3)</num><content>Financial assistance or payments includes financial assistance or payments given subject to such conditions as may be determined by, or in accordance with arrangements made by, the Secre

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-41-4"><num>(4)</num><intro>In this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-financial-assistance" eId="term-financial-assistance">financial assistance</term>” means grants

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-functions" eId="term-functions">functions</term>” includes powers and duties;</content></hcontainer>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-paragraph-1" class="schProv1"><num>1</num><subparagraph eId="schedule-paragraph-1-1"><num>(1)

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-paragraph-4" class="schProv1"><num>4</num><intro>The following provisions are repealed—</intro><level class="para1" eId="schedule-paragraph-4-a"><num>(a)</num><content>section 6(10)(b) of the Smart Meters Act

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-paragraph-4-a"><num>(a)</num><content>section 6(10)(b) of the Smart Meters Act 2018;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-paragraph-4-b"><num>(b)</num><content>section 11(2) of the Domestic Gas and Electricity (Tariff Cap) Act 2018.</content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-paragraph-2-1"><num>(1)

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-42"><num>42</num><heading>Minor and consequential provision</heading><content><ref href="#schedule">The Schedule</ref> contains minor and consequential provision.</content></section>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-43"><num>43</num><heading>Extent</heading><subsection eId="section-43-1"><num>(1)</num><intro>The following provisions extend to England and Wales and Scotland—</intro><level class="para1" eId="section-43-1-a"><num

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-43-1"><num>(1)</num><intro>The following provisions extend to England and Wales and Scotland—</intro><level class="para1" eId="section-43-1-a"><num>(a)</num><content>Parts <ref href="#part-1">1</ref> to <ref

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-1-a"><num>(a)</num><content>Parts <ref href="#part-1">1</ref> to <ref href="#part-3">3</ref>;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-1-b"><num>(b)</num><content>section <ref href="#section-42">42</ref> (including <ref href="#schedule">the Schedule</ref>).</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-43-2"><num>(2)</num><content><ref href="#section-40">Section 40</ref> extends to England and Wales and Northern Ireland.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-43-3"><num>(3)</num><intro>The following provisions extend to England and Wales, Scotland and Northern Ireland—</intro><level class="para1" eId="section-43-3-a"><num>(a)</num><content>section <ref href="#sect

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-3-a"><num>(a)</num><content>section <ref href="#section-41">41</ref>;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-43-3-b"><num>(b)</num><content>this section and sections <ref href="#section-44">44</ref> and <ref href="#section-45">45</ref>.</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-44"><num>44</num><heading>Commencement</heading><subsection eId="section-44-1"><num>(1)</num><intro>The following provisions come into force on the day on which this Act is passed—</intro><level class="para1" eId="

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-44-1"><num>(1)</num><intro>The following provisions come into force on the day on which this Act is passed—</intro><level class="para1" eId="section-44-1-a"><num>(a)</num><content>in <ref href="#part-1">Part

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-1-a"><num>(a)</num><content>in <ref href="#part-1">Part 1</ref>, sections <ref href="#section-1">1</ref> to <ref href="#section-5">5, </ref><ref href="#section-11">11</ref>, <ref href="#section-13">13</r

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-1-b"><num>(b)</num><content>section <ref href="#section-16">16</ref>;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-1-c"><num>(c)</num><content><ref href="#part-3">Part 3</ref> (for the purposes of making rules under section 411 of the Insolvency Act 1986 Act as applied by section 159(3) of the Energy Act 2004 and sec

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-1-d"><num>(d)</num><content><ref href="#section-40">section 40</ref>;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-1-e"><num>(e)</num><content>sections <ref href="#section-41">41</ref> and <ref href="#section-43">43</ref>, this section and section <ref href="#section-45">45</ref>.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-44-2"><num>(2)</num><intro>The following provisions come into force at the end of the period of 2 months beginning with the day on which this Act is passed—</intro><level class="para1" eId="section-44-2-a"><num>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-2-a"><num>(a)</num><content>in <ref href="#part-1">Part 1</ref>, sections <ref href="#section-6">6</ref> to <ref href="#section-10">10</ref> and <ref href="#section-12">12</ref>;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-2-b"><num>(b)</num><content>Part <ref href="#part-2">2</ref> (other than <ref href="#section-16">section 16</ref>);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-2-c"><num>(c)</num><content><ref href="#part-3">Part 3</ref> (except as mentioned in <ref href="#section-44-1">subsection (1)</ref><ref href="#section-44-1-c">(c)</ref>);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-44-2-d"><num>(d)</num><content><ref href="#section-42">section 42</ref> (including <ref href="#schedule">the Schedule</ref>).</content></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-45"><num>45</num><heading>Short title</heading><content>This Act may be cited as the Nuclear Energy (Financing) Act 2022.</content></section>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedules" eId="schedules"><hcontainer name="schedule" eId="schedule"><num>SCHEDULE<authorialNote cl