Schedule 21 | Energy Transfer Schemes | Energy Act 2004 C20

SCHEDULE 21 Energy Transfer Schemes

Energy Act 2004 (2004 c 20) | Legislation

SCHEDULE 21 Energy Transfer Schemes

Section 159 Application of Schedule

This Schedule applies where—

(a) the court has made an energy administration order in relation to a company (the “old energy company”); and

(b) it is proposed that a transfer falling within section 155(3) be made to another company (the “new energy company”).

It is for the energy administrator, while the energy administration order is in force, to act on behalf of the old energy company in the doing of anything that it is authorised or required to do by or under this Schedule.

Making of energy transfer schemes

(1) The old energy company may—

(a) with the consent of the new energy company, and

(b) for the purpose of giving effect to the proposed transfer,

make a scheme under this Schedule for the transfer of property, rights and liabilities from the old energy company to the new energy company (an “energy transfer scheme”).

(2) Such a scheme may be made only at a time when the energy administration order is in force in relation to the old energy company.

(3) An energy transfer scheme may set out the property,