[SCHEDULE 2A Property Schemes]
Electricity Act 1989 (1989 c 29) | Legislation

[SCHEDULE 2A Property Schemes]

[Section 6E]

[[Scheme-making power

1

(1)     This paragraph applies where a tender exercise is held in relation to a relevant electricity project, a relevant licence or a relevant contract.

(2)     The Authority may, on an application under paragraph 3, make a scheme (“a property schemeâ€) providing for—

(a)     the transfer to the successful bidder of, or

(b)     the creation in favour of the successful bidder of rights in relation to,

any property, rights or liabilities necessary or expedient for construction, commissioning or operational purposes.]

Further provision about the content of a scheme

2

(1)     A property scheme may also contain—

(a)     provision for the creation, in relation to property which the scheme transfers, of an interest in or right over the property in favour of the asset owner;

(b)     provision for the creation of any rights or liabilities as between the asset owner and the successful bidder;

(c)     provision for imposing on the asset owner or the successful bidder an obligation to enter into a written agreement with, or to execute an instrument of another kind in favour of, the other;

(d)     provision requiring the successful bidder to pay the asset owner compensation;

(e)

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