UK proposals for a special administrator regime for energy network companies
Article from: OGEL 3 (2003), in Electricity Law and Regulation
The UK Government is currently consulting on whether to introduce a special administrator regime for energy network companies. This consultation will closes on 20 June 2003. The primary objective behind the regime is to ensure the uninterrupted, continuous and safe operation of essential services in the event of an energy network company becoming insolvent. The likelihood of the insolvency of an energy network company occurring in the UK is perceived to be small and the likelihood of an administrator concluding that it would be in the creditors' best interests to ...