- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made).
Regulation 33
Note
References to shares—
(a)in relation to an applicant with a share capital, are to allotted shares;
(b)in relation to an applicant with capital but no share capital, are to rights to share in the capital of the applicant;
(c)in relation to an applicant without capital, are to interests—
(i)conferring any right to share in the profits or liability to contribute to the losses of the applicant; or
(ii)giving rise to an obligation to contribute to the debts or expenses of the applicant in the event of a winding up.
1. Current statements of the accounts kept by the applicant in respect of any undertaking carried on by him, showing the financial state of affairs of that undertaking and its profit or loss, and the statements for the most recent period, together with copies of the latest audited annual accounts where such have been prepared.
2. An outline statement of the business proposals, for the business of the applicant to which the application relates, for the next 5 years which includes—
(a)particulars of the person or persons from whom, and the points at which, the applicant expects to receive the electricity which he will distribute; particulars of distribution of the electricity; particulars of the expected points of off-take, and quantities;
(b)interconnections to other distribution systems and/or transmission systems;
(c)proposed metering arrangements;
(d)schedule of generating plant owned by the applicant including—
(i)pumped storage; and
(ii)clutched gas turbine generators/synchronous compensators;
(e)forecast annual maximum demands in his distribution system (GW) and energy (GWh) to be distributed;
(f)summary large scale map, together with detailed maps providing information on areas where activities are concentrated as necessary;
(g)a single line diagram of the distribution system showing all distribution voltage levels and distinguishing from overhead lines and electric lines which are or will be placed underground;
(h)annual forecasts of costs, sales and revenues and project financing, stating the assumptions underlying the figures provided; and
(i)details of the arrangements that are in place, or will be put in place, for managing the interfaces between the system to which the application relates and—
(i)other distribution systems;
(ii)transmission systems;
(iii)the transmission system operator; and
(iv)any persons who are, or will be at any future point, connected to the system to which the application relates.
3. Details of any expected subsequent substantial capital outflows including major decommissioning costs.
4. Estimates of net annual cash flows for the subsequent period sufficient to demonstrate the financial security and feasibility of the project(s) to which the application relates.”
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Rule and provides information about its policy objective and policy implications. They aim to make the Statutory Rule accessible to readers who are not legally qualified and accompany any Northern Ireland Statutory Rule or Draft Northern Ireland Statutory Rule laid before the UK Parliament during the suspension of the Northern Ireland Assembly.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: