Valuation (Electricity) Order (Northern Ireland) 1997

Part III Electricity Transmission and Supply

Net Annual Value

6.  For the year ending on 31st March 1998 the net annual value of the hereditaments occupied by the Company shall be £16,720,000.

Redetermination of net annual value

7.  For the year ending on 31st March 1999 and for each subsequent year the net annual value of the hereditaments occupied by the Company shall be the amount determined in accordance with the formula—

where—

• A is the estimated number of circuit kilometres of main transmission line in Northern Ireland occupied by the Company on the day falling one year before the commencement of the year in question;

• B is the estimated number of circuit kilometres of main transmission line in Northern Ireland occupied by the Company on the day falling two years before the commencement of the year in question;

• C is the estimated installed transformer capacity (measured in kilovoltamperes) of all the electricity transformation plant in Northern Ireland occupied by the Company on the day falling one year before the commencement of the year in question; and

• D is the estimated installed transformer capacity (measured in kilovoltamperes) of all the electricity transformation plant in Northern Ireland occupied by the Company on the day falling two years before the commencement of the year in question.

Apportionment of net annual value

8.—(1) The net annual value of the hereditaments occupied by the Company determined in accordance with Articles 6 and 7 shall for the year ending on 31st March 1998 and for each subsequent year be apportioned among the districts of district councils in accordance with the formula—

where—

• A is the net annual value of the hereditaments occupied by the Company determined in accordance with Article 6 or 7 for the year in question;

• B is the total non-domestic net annual values for the year in question in the district in respect of which the apportionment is being made;

• C is the total domestic net annual values for the year in question in the district in respect of which the apportionment is being made;

• D is the total non-domestic net annual values in the valuation list for the year in question;

• E is the total domestic net annual values in the valuation list for the year in question.

(2) For the purposes of paragraph (1) the totals of net annual values there mentioned shall, for any year, be taken to be those totals as ascertained from the valuation list in force or coming into force on 1st April with which that year commences, as in force on that day, but excluding the amounts shown in the list as the net annual values of hereditaments occupied by public supply undertakings or holders of licences or exemptions and (to the extent that they are distinguished in the list as wholly or partially exempt from rates) the amounts shown in the list as the net annual values of hereditaments wholly or partially exempt from rates.