Nuclear Energy (Financing) Act 2022
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Change 1
9 Expiry of modifications made under section 6
(1) This section applies if the designation of a nuclear company under section 2(1) ceases to have effect in accordance with— (a) section 4(1)(a) (expiry of designation), or (b) section 5(1) or (3) (revocation or lapse of designation). (2) Any modifications made under section 6(1) of the nuclear company’s electricity generation licence are to be treated, from the relevant time, as not having been made. (3) If any modifications of licences were made under section 6(7) in consequence of, or for purposes incidental or supplementary to, the modification under section 6(1) of the nuclear company’s electricity generation licence, those modifications are to be treated, from the relevant time, as not having been made. (4) In subsections (2) and (3), “the relevant time” means the time when the designation of the nuclear company ceases to have effect. (5) Where modifications are to be treated by subsection (2) or (3) as not having been made, the Secretary of State must publish details of that fact.
9 Expiry of modifications made under section 6
(1) This section applies if the designation of a nuclear company under section 2(1) ceases to have effect in accordance with— (a) section 4(1)(a) (expiry of designation), or (b) section 5(1) or (3) (revocation or lapse of designation). (2) Any modifications made under section 6(1) of the nuclear company’s electricity generation licence are to be treated, from the relevant time, as not having been made. (3) If any modifications of licences were made under section 6(7) in consequence of, or for purposes incidental or supplementary to, the modification under section 6(1) of the nuclear company’s electricity generation licence, those modifications are to be treated, from the relevant time, as not having been made. (4) In subsections (2) and (3), “the relevant time” means the time when the designation of the nuclear company ceases to have effect. (5) Where modifications are to be treated by subsection (2) or (3) as not having been made, the Secretary of State must publish details of that fact.
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