Part 3Energy Regulation
C7C10Chapter 3Special administration regime for energy licensees
Pt. 3 Ch. 3 power to apply and modify conferred (26.12.2023) by Energy Act 2023 (c. 52), ss. 48, 334(3)(a)
Restrictions on other insolvency procedures
I1C1C2C3C4C5C6C7C8C10C9163C7C10Restrictions on administrator appointments by creditors etc.
1
No step is to be taken by any person to make an appointment in relation to a company under paragraph 14 or 22 of Schedule B1 to the 1986 Act (powers of holder of floating charge and of the company itself and of its directors to appoint administrators) if—
a
an energy administration order is in force in relation to the company;
b
an energy administration order has been made in relation to the company but is not yet in force; or
c
an application for such an order is outstanding.
2
In the case of a protected energy company to which subsection (1) does not apply, an appointment in relation to that company under paragraph 14 or 22 of Schedule B1 to the 1986 Act takes effect only if each of the conditions mentioned in subsection (3) is met.
3
Those conditions are—
a
that a copy of every document in relation to the appointment that is filed or lodged with the court in accordance with paragraph 18 or 29 of Schedule B1 to the 1986 Act (documents to be filed or lodged for appointment of administrator) has been served both on the Secretary of State and on GEMA;
b
that a period of fourteen days has elapsed since the service of the last of those copies to be served;
c
that there is no outstanding application to the court for an energy administration order in relation to the company in question; and
d
that the making of an application for such an order has not resulted in the making of an energy administration order which is in force or is still to come into force.
4
Paragraph 44 of Schedule B1 to the 1986 Act (interim moratorium) does not prevent, or require the permission of the court for, the making of an application for an energy administration order at any time before the appointment takes effect.
Pt. 3 Ch. 3: power to modify conferred (31.3.2022 for specified purposes, 1.6.2022 in so far as not already in force) by Nuclear Energy (Financing) Act 2022 (c. 15), ss. 38, 44(1)(c)(2)(c)