Paragraph 5 Utilities contractsI1I2
United Kingdom
A utilities contract between a utility and a relevant joint venture to which that utility is party, where—
the joint venture was formed for the purpose of carrying out a utility activity for at least three years, and
the parties to the joint venture are committed, by way of a written agreement, to continue to be parties to the joint venture for a period of three years following the date of that agreement.
In this Schedule, “relevant joint venture” means a joint venture—
formed for the purpose of carrying out a utility activity;
where each party to the joint venture is a utility.
Annotations
Commencement
- I1
Sch. 2 para. 5 not in force at Royal Assent, see s. 127(2)
- I2
Sch. 2 para. 5 in force at 24.2.2025 by S.I. 2024/716, Sch. (as amended by S.I. 2024/959, regs. 1(2), 2(7)(a))