SCHEDULES
SCHEDULE 7 Transitional provisions and savings
Part I Separation of electricity supply and distribution
Interpretation
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1
For the purposes of this Part of this Schedule a company is an associate of the supplier if—
a
the company is a wholly owned subsidiary of the supplier;
b
the supplier is a wholly owned subsidiary of the company; or
c
the company and the supplier are both wholly owned subsidiaries of another company;
and the company is registered under the M1Companies Act 1985 as a company limited by shares.
2
The references in sub-paragraph (2) to a wholly owned subsidiary shall be construed in accordance with section 736 of the Companies Act 1985.