Energy Act 2004

Application and interpretation of Schedule

1 (1) This Schedule applies where—

(a) property, rights and liabilities are transferred to a company (“the transferee company”) in accordance with provisions of a nuclear transfer scheme authorised by section 39; and

(b) that company is publicly owned when the transfer takes effect.

(2) In this Schedule—

• “the Authorities” means the NDA and the UKAEA;

• “the relevant scheme”, in relation to the transferee company, means—

  (a)

  the nuclear transfer scheme containing the provisions authorised by section 39 in accordance with which property, rights and liabilities are vested in that company; and

  (b)

  any modification agreement (within the meaning of Schedule 5) relating to that scheme;

• “transferee company” is to be construed in accordance with sub-paragraph (1);

• “transferor”, in relation to the transferee company, means the person or body from whom property, rights or liabilities are transferred to the transferee company in accordance with the relevant scheme.

(3) In this paragraph “company” has the same meaning as in the Companies Act 1985 (c. 6).