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Electricity Act 1989
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Electricity Act 1989, Section 8 is up to date with all changes known to be in force on or before 14 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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8[F1 Conditions for funding certain companies engaged in nuclear generation in Scotland.]E+W+S
(1)Without prejudice to section 7(1)(a) above, it may be a condition of a licence granted to a company (“the licence holder”) that it shall from time to time provide any company to which subsection (2) below applies, comes to apply or has at any time applied with such funds as may be determined by or under the condition in respect of such of that company’s liabilities as may be so determined.
(2)This subsection applies to any company engaging in the operation of a nuclear generating station in Scotland while—
(a)deemed for the purposes of the M1Companies Act 1985 to be a subsidiary of the licence holder; or
(b)a related company of the licence holder (as defined in paragraph 92 of Schedule 4 to that Act).
(3)Subsection (3) of section 7 above applies in respect of a condition included in a licence by virtue of this section as it applies in respect of a condition so included by virtue of subsection (1)(a) of that section.
Textual Amendments
F1S. 7A inserted (1.10.2001) by 2000 c. 27, s. 41; S.I. 2001/3266, art. 2, Sch. (subject to transitional provisions in arts. 3-20)
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