Part 3Energy Regulation

Chapter 3Special administration regime for energy licensees

Energy administration orders

I1C1154Energy administration orders

1

In this Chapter “energy administration order” means an order which—

a

is made by the court in relation to a protected energy company; and

b

directs that, while the order is in force, the affairs, business and property of the company are to be managed by a person appointed by the court.

2

The person appointed in relation to a company for the purposes of an energy administration order is referred to in this Chapter as the energy administrator of the company.

3

The energy administrator of a company must manage its affairs, business and property, and exercise and perform all his powers and duties as such, so as to achieve the objective set out in section 155.

4

In relation to an energy administration order applying to a non-GB company, references in this section to the affairs, business and property of the company are references only to its affairs and business so far as carried on in Great Britain and to its property in Great Britain.

5

In this Chapter—

  • “protected energy company” means a company which is the holder of a relevant licence; and

  • “relevant licence” means—

    1. a

      a licence granted under section 6(1)(b) or (c) of the 1989 Act (transmission and distribution licences for electricity); or

    2. b

      a licence granted under section 7 of the Gas Act 1986 (licensing of gas transporters).