Section 32 Objective of a relevant licensee nuclear company administrationI1I2

that electricity generation commences, or continues, at the nuclear installation in respect of which the relevant licensee nuclear company to which the administration relates holds a relevant licence, and

that it becomes unnecessary, by one or both of the following means, for the RLNC administration order to remain in force for that purpose.

the rescue as a going concern of the company subject to the RLNC administration order, and

transfers falling within subsection (3).

to another company, or

as respects different parts of the undertaking of the company subject to the RLNC administration order, to two or more different companies,

a transfer of the undertaking of the company subject to the RLNC administration order, or of a part of its undertaking, to a wholly-owned subsidiary of that company, and

a transfer to a company of securities of a wholly-owned subsidiary to which there has been a transfer falling within paragraph (a).

the rescue as a going concern of the company subject to the RLNC administration order is not reasonably practicable or is not reasonably practicable without such a transfer,

the rescue of that company as a going concern will not achieve that objective or will not do so without such a transfer,

such a transfer would produce a result for the company’s creditors as a whole that is better than the result that would be produced without it, or

such a transfer would, without prejudicing the interests of those creditors as a whole, produce a result for the company's members as a whole that is better than the result that would be produced without it.