Introductory text

Whereas each company whose name is listed in column 1 of the Schedule to this Order, is an operating company^f1 for the purpose of Part II of the Electricity Act 1989^f2;

And whereas each such company ceased to be wholly owned by the Crown on 18th June 1991 ;

And whereas the Government shareholding (as defined in section 74(1) of the said Act of 1989) in each such company at the time when this Order is made comprises shares in that company carrying the percentage specified against the name of the company in column 2 of that Schedule of the voting rights which are exerciseable in all circumstances at general meetings of the company ;

And whereas no previous order has been made fixing a target investment limit in relation to the Government shareholding (as defined as aforesaid) in any such company;