# The Electricity (Scottish Electricity Companies) (Target Investment Limits) Order 1991, Introduction: Introductory text


ELECTRICITY
Made 11th November 1991
Laid before Parliament 21st November 1991
Coming into force 12th December 1991
Whereas each company whose name is listed in column 1 of the Schedule to this Order, is an operating company for the purpose of Part II of the Electricity Act 1989;
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;
Now, therefore, the Secretary of State in exercise of the powers conferred by section 74(1) of the electricity Act 1989, and of all other powers enabling him in that behalf, and with the consent of the Treasury, hereby makes the following Order:

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Source: https://www.legislation.gov.uk/uksi/1991/2579/introduction (the official version)
Page: https://openlegislation.uk/electricity-scottish-electricity-companies-target-investment-limits-order-1991/introduction
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.