The Energy Act 2004 (Designation of Publicly Owned Companies) (Revocation) Order 2014

Statutory Instruments

2014 No. 1391

Energy

The Energy Act 2004 (Designation of Publicly Owned Companies) (Revocation) Order 2014

Made

2nd June 2014

Laid before Parliament

5th June 2014

Coming into force

30th June 2014

The Secretary of State makes this Order in exercise of the powers conferred by section 39(3)(b) and (4) of the Energy Act 2004(1).

Citation and commencement

1.  This Order may be cited as the Energy Act 2004 (Designation of Publicly Owned Companies) (Revocation) Order 2014 and comes into force on 30th June 2014.

Revocation

2.  The Energy Act 2004 (Designation of Publicly Owned Companies) Order 2007(2) is revoked.

Verma

Parliamentary Under Secretary of State

Department of Energy and Climate Change

2nd June 2014

EXPLANATORY NOTE

(This note is not part of the Order)

This Order revokes the Energy Act 2004 (Designation of Publicly Owned Companies) Order 2007 (“the 2007 Order”).

The 2007 Order designated British Nuclear Fuels plc (registered number 5027024) for the purposes of section 39 of the Energy Act 2004 (transfers of publicly owned assets). In order to be designated, a company had to satisfy the requirements of section 39(4) of that Act. For those purposes, British Nuclear Fuels plc was a publicly owned company to which property, rights or liabilities of British Nuclear Fuels Limited had been transferred when that company was also publicly owned. By virtue of section 39(2) of that Act, the property, rights or liabilities of the designated company could be transferred to a publicly owned company, the Nuclear Decommissioning Authority or a consenting person. The transfers from the designated company by nuclear transfer scheme have now been completed and the 2007 Order is therefore revoked as unnecessary.

An impact assessment has not been produced for this instrument as no impact is foreseen on the private, voluntary or public sectors.

(1)

2004 c.20.

(2)

S.I. 2007/3479.