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PART IIIELECTRICITY GENERATION, TRANSMISSION AND SUPPLY: CENTRAL LISTS

Interpretation

7.—(1) In this Part —

(2) Any reference in this Part to hereditaments occupied by a person includes a reference, in the case of unoccupied hereditaments, to hereditaments owned by that person, references to occupation being construed accordingly.

(3) Any reference in this Part or in the Schedule to a designated person by name is to the company bearing that name at the date that name is entered in the central list.

Rateable Values

8.  In the case of each class of hereditaments, paragraphs 2 to 2B of Schedule 6 to the Act shall not apply in any year in which the central list is in force and its rateable value shall be —

(a)in the year beginning on 1st April 2000 the amount specified in relation to it in the Schedule; and

(b)in any other year beginning on or before1st April 2004 shall be the amount produced by applying the standard formula in relation to that class.

Transmission Hereditaments: Recalculation Factor

9.  In relation to each class of hereditaments listed in Part A of the Schedule the recalculation factor in respect of a relevant year shall be the figure produced for that class by applying the formula —

where —

  • T is the amount specified in relation to that class in the Schedule;

  • k is the estimated number of circuit kilometres of main transmission line occupied by the designated person as respects that class on 31st March in the relevant preceding year; and

  • K is the estimated number of circuit kilometres of main transmission line occupied by that person on 31st March 2000.

Distribution Hereditaments: Recalculation Factor

10.  In relation to each class of hereditaments listed in Part B of the Schedule, the recalculation factor in respect of a relevant year shall be the figure produced for that class by applying the formula —

where —

  • T is the amount specified in relation to that class in the Schedule;

  • v is the estimated installed transformer capacity (measured in kilovoltamperes) of all the electricity transformation plant occupied by the designated person as respects that class on 31st March in the relevant preceding year; and

  • V is the estimated installed transformer capacity (measured in kilovoltamperes) of such plant on 31st March 2000.