Part 3Energy Regulation
C7Chapter 3Special administration regime for energy licensees
Restrictions on other insolvency procedures
I1C1C2C3C4C5C6C7C8162C7Restrictions on making of ordinary administration orders
1
This section applies where an ordinary administration application is made in relation to a protected energy company by a person other than the Secretary of State.
2
The court must dismiss the application if—
a
an energy administration order is in force in relation to the company; or
b
an energy administration order has been made in relation to the company but is not yet in force.
3
Where subsection (2) does not apply, the court, on hearing the application, must not exercise its powers under paragraph 13 of Schedule B1 to the 1986 Act (other than its power of adjournment) unless—
a
notice of the application has been served both on the Secretary of State and on GEMA;
b
a period of at least fourteen days has elapsed since the service of the last of those notices to be served; and
c
there is no application for an energy administration order that is outstanding.
4
Paragraph 44 of Schedule B1 to the 1986 Act (interim moratorium) does not prevent, or require the permission of the court for, the making of an application for an energy administration order.
5
Upon the making of an energy administration order in relation to a protected energy company, the court must dismiss any ordinary administration application made in relation to that company which is outstanding.
6
In this section “ordinary administration application” means an application in accordance with paragraph 12 of Schedule B1 to the 1986 Act.
Pt. 3 Ch. 3: power to modify conferred (31.3.2022 for specified purposes, 1.6.2022 in so far as not already in force) by Nuclear Energy (Financing) Act 2022 (c. 15), ss. 38, 44(1)(c)(2)(c)