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Article 10 Electricity transmission hereditaments—recalculation factor

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

In relation to each class of English hereditaments listed in paragraph B of Part I and each class of Welsh hereditaments listed in paragraph B of Part II of the Schedule, the recalculation factor in respect of a relevant year shall be the figure produced for that class by applying the formula—

T(k-K)K

where—

  • T is the amount specified in relation to that class in the Schedule;

  • k is the estimated number of circuit kilometres of main transmission line occupied by the designated person as respects that class on 31st March in the relevant preceding year; and

  • K is the estimated number of circuit kilometres of main transmission line occupied by that person on 31st March 1995.