PART II: GENERATION LANDS

Apportionment of aggregate amount of rateable values among Companies

5.—(1) The aggregate amount referred to in article 4(a) above is hereby apportioned as–

(a) £28,245,000 in respect of generation lands occupied by Scottish Power UK plc;

(b) £18,998,000 in respect of generation lands occupied by Scottish and Southern Energy plc; and

(c) £25,010,000 in respect of generation lands occupied by British Energy Generation (UK) Limited.

(2) That part of the aggregate amount of the rateable values of generation lands to be apportioned for each of the four financial years following the financial year 2000-01 in respect of such lands occupied by each Company shall be calculated in accordance with the formula–

where–

• A is the apportioned amount for that Company for the financial year immediately prior to the year for which the calculation is being carried out;

• B is the total declared net capacity of generating plant in or on generation lands occupied by that Company on the day falling 1 year before the beginning of the financial year for which the calculation is being carried out; and

• C is the total declared net capacity of generating plant in or on lands so occupied on the day falling 2 years before the beginning of that year.