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.