Version Superseded: 22/07/2004
Point in time view as at 21/11/2003. This version of this provision has been superseded.
Electricity Act 1989, Section 81 is up to date with all changes known to be in force on or before 01 March 2025. 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.
(1)The aggregate of any amounts outstanding by way of principal in respect of—
(a)loans made by the Secretary of State under section 78 above to successor companies in England and Wales; and
(b)sums issued under section 79 above in fulfilment of guarantees given in respect of loans made to such companies,
shall not exceed £2,000 million.
(2)The aggregate of any amounts outstanding by way of principal in respect of—
(a)relevant loans within the meaning of section 80 above; and
(b)sums issued under section 79 above in fulfilment of guarantees given in respect of loans made to successor companies in Scotland,
shall not exceed £3,000 million.
(3)In this section “successor company in England and Wales” means a company nominated for the purposes of section 65(1) or 66(1) or (2) above.
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