66 Transfer of property etc of Generating Board and Electricity Council
Electricity Act 1989 (1989 c 29) | Legislation

66  Transfer of property etc of Generating Board and Electricity Council

(1)     Before such date as the Secretary of State may direct, the Generating Board shall make a scheme for the division of all its property, rights and liabilities between three or more companies nominated by the Secretary of State for the purposes of this subsection; and of the companies so nominated—

(a)     two shall be designated as generating companies; and

(b)     one shall be designated as the transmission company.

(2)     Before such date as the Secretary of State may direct, the Electricity Council shall make a scheme—

(a)     for the transfer

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