Energy Act 2008
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Change 1
55 Funded decommissioning programmes: verification of financial matters
(1) Regulations under section 54 may make provision enabling the Secretary of State to rely, in specified circumstances, on verification of financial matters by an independent third party. (2) Regulations may, in particular, provide that for the purposes of the Secretary of State's functions under this Chapter, the Secretary of State may— (a) rely on estimates of costs verified by an independent third party in accordance with the regulations; (b) rely on an independent third party's assessment of the prudence or otherwise of any provision made for the financing of the designated technical matters.
55 Funded decommissioning programmes: verification of financial matters
(1) Regulations under section 54 may make provision enabling the Secretary of State to rely, in specified circumstances, on verification of financial matters by an independent third party. (2) Regulations may, in particular, provide that for the purposes of the Secretary of State's functions under this Chapter, the Secretary of State may— (a) rely on estimates of costs verified by an independent third party in accordance with the regulations; (b) rely on an independent third party's assessment of the prudence or otherwise of any provision made for the financing of the designated technical matters.
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