The Electricity Supply Industry (Rateable Values) (Amendment) Order 1995

Rateable values

3.—(1) There shall be substituted for article 8 of the 1994 Order the following—

“8.— (1) Paragraphs 2 to 2B of Schedule 6 to the Act shall not apply in respect of any class of English hereditaments or any class of Welsh hereditaments in any year beginning on or after 1st April 1995.

(2) In the case of each class of English hereditaments and each class of Welsh hereditaments, other than those listed in paragraph A of Part I and paragraph A of Part II of the Schedule, its rateable value shall be—

(a) in the year beginning on 1st April 1995, the amount specified in relation to it in the Schedule; and

(b) in any year beginning on or after 1st April 1996, the amount produced in accordance with the formula T + U.”.

(2) After article 8 of the 1994 Order there shall be inserted the following—

“National Power PLC and PowerGen plc

8A.— (1) In this article—

• V is the amount produced in accordance wth the formula £12,810 (C – E);

• C is the total declared net capacity as at 31st March 1995 of generating plant in or on the hereditaments occupied by National Power PLC or PowerGen plc, as the case may be, in England or in Wales, as the case may be; and

• E is the total declared net capacity as at 31st March 1995 of generating plant in or on the hereditaments occupied by National Power PLC or PowerGen plc, as the case may be, in England or in Wales, as the case may be, estimated as at 12th December 1994.

(2) In the case of each class of English hereditaments and each class of Welsh hereditaments occupied by National Power PLC or PowerGen plc, its rateable value—

(a) in the year beginning on 1st April 1995,

(i) if V is 0, shall be T; or

(ii) if V is greater or less than 0, shall be calculated in accordance with the formula T + V; and

(b) in any year beginning on or after 1st April 1996, shall be calculated in accordance with the formula T + V + U.

Nuclear Electric plc

8B.— (1) In this article—

• W is the amount produced in accordance with the formula £18,000 (F – G);

• F is the total declared net capacity as at 31st March 1995 of generating plant in or on the hereditaments occupied by Nuclear Electric plc in England or in Wales, as the case may be; and

• G is the total declared net capacity as at 31st March 1995 of generating plant in or on the hereditaments occupied by Nuclear Electric plc in England or in Wales, as the case may be, estimated as at 12th December 1994.

(2) In the case of each class of English hereditaments and each class of Welsh hereditaments occupied by Nuclear Electric plc, its rateable value—

(a) in the year beginning on 1st April 1995,

(i) if W is 0, shall be T; or

(ii) if W is greater or less than 0, shall be calculated in accordance with the formula T + W; and

(b) in any year beginning on or after 1st April 1996, shall be calculated in accordance with the formula T + W + U.”.