Energy Act 2004 (c. 20)

Part 1 U.K. The Civil Nuclear Industry

Chapter 2 U.K. Transfers relating to nuclear undertakings

Supplementary provisions of Chapter 2 of Part 1 U.K.

50 Interpretation of Chapter 2 of Part 1 U.K.

(1) In this Chapter —

• “nuclear company” means a body corporate with control of a designated installation, designated site or designated facility;

• “publicly controlled” is to be construed in accordance with subsection (3).

(2) Expressions used in this Chapter and in Chapter 1 of this Part have the same meanings in this Chapter as in that Chapter.

(3) For the purposes of this Chapter a body corporate is a publicly controlled company if it is a company limited by shares that is either publicly owned or is otherwise a company in which—

(a) a person specified in subsection (4) holds a majority of the voting rights; or

(b) two or more persons so specified, taken together, hold a majority of the voting rights.

(4) The persons mentioned in subsection (3) are—

(a) the Treasury;

(b) a Minister of the Crown;

(c) the NDA;

(d) the UKAEA;

(e) a publicly owned company; or

(f) a nominee of a person falling within paragraphs (a) to (e).

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

Commencement Information

I1 S. 50 in force at 5.10.2004 by S.I. 2004/2575, art. 2(1), Sch. 1