is made by the court in relation to a relevant licensee nuclear company;

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.

that electricity generation commences, or continues, at the nuclear installation in respect of which the relevant licensee nuclear company to which the administration relates holds a relevant licence, and

that it becomes unnecessary, by one or both of the following means, for the RLNC administration order to remain in force for that purpose.

the rescue as a going concern of the company subject to the RLNC administration order, and

transfers falling within subsection (3).

to another company, or

as respects different parts of the undertaking of the company subject to the RLNC administration order, to two or more different companies,

a transfer of the undertaking of the company subject to the RLNC administration order, or of a part of its undertaking, to a wholly-owned subsidiary of that company, and

a transfer to a company of securities of a wholly-owned subsidiary to which there has been a transfer falling within paragraph (a).

the rescue as a going concern of the company subject to the RLNC administration order is not reasonably practicable or is not reasonably practicable without such a transfer,

the rescue of that company as a going concern will not achieve that objective or will not do so without such a transfer,

such a transfer would produce a result for the company’s creditors as a whole that is better than the result that would be produced without it, or

such a transfer would, without prejudicing the interests of those creditors as a whole, produce a result for the company's members as a whole that is better than the result that would be produced without it.

for “energy administration”, in each place where it occurs, substitute “relevant licensee nuclear company administration”;

for “energy administrator”, in each place where it occurs, substitute “nuclear administrator”;

for “a protected energy company”, in each place where it occurs, substitute “a relevant licensee nuclear company”.

in section 156(4), omit paragraph (b) (and the “or” before it);

in section 164, omit subsection (2).

omit paragraph 1(2);

in paragraph 32(1)(d), for the words from ““energy administration application”” to “Energy Act 2004” substitute ““relevant licensee nuclear company administration application” means an application to the court for a relevant licensee nuclear company administration order under Chapter 3 of Part 3 of the Energy Act 2004, as applied by section 33 of the Nuclear Energy (Financing) Act 2022”;

in paragraph 32(1)(e), for “section 155 of the Energy Act 2004” substitute “section 32 of the Nuclear Energy (Financing) Act 2022”;

omit Part 3;

omit paragraph 42(1);

in paragraph 43, after “the Energy Act 2004” insert “and section 33 of the Nuclear Energy (Financing) Act 2022”;

in paragraph 44(5), after “the Energy Act 2004” insert “and section 33 of the Nuclear Energy (Financing) Act 2022”;

in paragraph 45, after “section 157(1)(e) of this Act” insert “as applied by section 33 of the Nuclear Energy (Financing) Act 2022”;

omit paragraph 46 (but see section 38 of this Act);

in paragraph 47, after “Part 1 of this Schedule” insert “and section 33 of the Nuclear Energy (Financing) Act 2022”.

for “old energy company”, in each place where it occurs, substitute “old relevant licensee nuclear company”;

 for “new energy company”, in each place where it occurs, substitute “new relevant licensee nuclear company”;

in paragraph 1(b), for “section 155(3)” substitute “section 32(3) of the Nuclear Energy (Financing) Act 2022”;

in paragraphs 3(8) and 9(6), for “GEMA” substitute

omit paragraph 10;

in paragraph 12, for “section 155” substitute “section 32 of the Nuclear Energy (Financing) Act 2022”.

in the definition of “company”, omit paragraph (b) (and the “or” before it);

omit the definition of “non-GB company”;

insert, at the appropriate places, the following definitions—

for the definition of “energy administrator” substitute—

for the definition of “relevant licence” substitute—

omit the definition of “unregistered company”.

a condition of a relevant licensee nuclear company’s relevant licence;

a term of a relevant licensee nuclear company’s relevant licence.

if an RLNC administration order is in force in relation to the relevant licensee nuclear company, and

for the purpose of furthering the objective of a relevant licensee nuclear company administration.

the duties of the Secretary of State under sections 1 and 4(1)(b) of the Climate Change Act 2008 (carbon targets and budgets);

the interests of existing and future consumers of electricity, including their interests in relation to the cost and security of supply of electricity;

costs, expenditure or liabilities of any description that the relevant licensee nuclear company may reasonably be expected to incur in carrying out its activities;

the need to secure that the relevant licensee nuclear company is able to finance its activities;

the need to secure that the relevant licensee nuclear company has appropriate incentives in relation to the carrying out of its activities;

such other matters as the Secretary of State considers appropriate.

provision about the revenue that the relevant licensee nuclear company may receive in respect of its activities;

provision about how the relevant licensee nuclear company’s revenue referred to in paragraph (a) is to be calculated;

provision about the amounts that the relevant licensee nuclear company is entitled to receive, or is required to pay, under any revenue collection contract (within the meaning of Part 2) to which it is a party;

provision requiring the relevant licensee nuclear company to co-operate with the Authority and to provide such information and assistance to the Authority as the Authority may require for the purposes of carrying out any of its functions;

provision about RLNC administration orders, including provision about the raising of funds for the purpose of meeting expenses arising by virtue of such an order;

provision about the disclosure or publication of information by the relevant licensee nuclear company.

the standard conditions incorporated in licences under section 6(1)(a) to (d) of the Electricity Act 1989 by virtue of section 8A of that Act;

a document maintained in accordance with the conditions of licences under section 6(1)(a) to (d) of the Electricity Act 1989 or an agreement that gives effect to a document so maintained.

the nuclear administrator (including as agent of the relevant licensee nuclear company),

the Authority,

the Office for Nuclear Regulation,

where any part of the relevant site is in England, the Environment Agency,

where any part of the relevant site is in Wales, the Welsh Ministers and Natural Resources Wales,

where any part of the relevant site is in Scotland, the Scottish Ministers and the Scottish Environment Protection Agency,

in the case of a modification under section 35(5), other holders of a licence being modified, and

such other persons as the Secretary of State considers appropriate.

may be exercised generally, only in relation to specified cases, or subject to exceptions (including provision for a case to be excepted only so long as specified conditions are satisfied);

may be exercised differently for different purposes;

include a power to make incidental, supplementary, consequential or transitional modifications.

may make different provision for different purposes;

need not relate to the activities authorised by the licence;

may do anything authorised for licences of that type by section 7(4), (5)(a) or (6A) of the Electricity Act 1989.

would be likely to prejudice the commercial interests of any person, or

would be contrary to the interests of national security.

make the same modification of those standard conditions for the purposes of their incorporation in licences of that type granted after that time, and

publish the modification.

provide for insolvency legislation to apply in relation to any provision made by or under this Part;

make such modifications of insolvency legislation as the Secretary of State considers appropriate in relation to any provision made by or under this Part (including any insolvency legislation that is applied under paragraph (a)).

the Insolvency Act 1986,

Chapter 3 of Part 3 of the Energy Act 2004, and 

include references to a person appointed under paragraph 91 or 103 of Schedule B1 to the Insolvency Act 1986, as applied by Part 1 of Schedule 20 to the Energy Act 2004 and section 33 of this Act to be the nuclear administrator of that company, and

where two or more persons are appointed to be the nuclear administrator of that company, are to be construed in accordance with the provision made under section 158(5) of the Energy Act 2004, as applied by section 33 of this Act.