SCHEDULEENERGY TRANSFER SCHEMES
Transfer of licences
5
1
The provision that may be made by an energy transfer scheme includes the transfer of a licence from the old energy company to the new energy company.
2
Such a transfer may relate to the whole or any part of the licence.
3
Where such a transfer relates to a part of the licence, the provision made under sub-paragraph (1) may include—
a
provision apportioning responsibility between the old energy company and the new energy company in relation to—
i
the making of payments required by conditions included in the licence;
ii
ensuring compliance with any other requirements of the conditions included in the licence; and
b
provision making incidental modifications to the terms and conditions of the licence.
4
References in this paragraph to a part of a licence are references to one or both of—
a
part of the activities authorised by the licence;
b
a part of the area in relation to which the holder of the licence is authorised to carry on those activities.