43 Objective of a transport and storage administration
Energy Act 2023 (2023 c 52) | Legislation

43  Objective of a transport and storage administration

(1)     The objective of a transport and storage administration is to secure—

(a)     that the activities authorised by the licence of the T&S company to which the administration relates commence, or continue, in a manner which—

(i)     is efficient and economical, and

(ii)     ensures the safety and security of the transport and storage network, or the part of that network, to which the licence relates, and

(b)     that it becomes unnecessary, by one or both of the following means, for the T&S administration order to remain in force for that purpose.

(2)     Those means are—

(a)     the rescue as a going concern of the company subject

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