The Electricity Supply Industry and Water Undertakers (Rateable Values) Amendment Order 1996

• Citation: S.I. 1996/912
• Sections: 3

Section 1 Citation, commencement and interpretation

(1) This Order may be cited as the Electricity Supply Industry and Water Undertakers (Rateable Values) Amendment Order 1996 and comes into force on 31st March 1996.

(2) In this Order—

“the 1994 Electricity Order ” means the Electricity Supply Industry (Rateable Values) Order 1994 ; and

“the 1994 Water Order ” means the Water Undertakers (Rateable Values) Order 1994 .

Section 2 Amendments to the 1994 Electricity Order

(1) The 1994 Electricity Order is amended in accordance with the following paragraphs.

(2) In regulation 8B(2) omit “each class of English hereditaments and”.

(3) At the end of regulation 8B add—

(3) In the case of each class of English hereditaments occupied by Nuclear Electric plc, its rateable value on a day on or after 1st April 1995 and before 31st March 1996—

(a) if W is 0, shall be T; or

(b) if W is greater or less than 0, shall be calculated in accordance with the formula

(4) After article 8B insert—

Nuclear Electric plc—England

(8C)

(1) The rateable value for 31st March 1996, in respect of each class of English hereditaments occupied by Nuclear Electric plc, shall be £34,704,255.

(2) The rateable value for the year beginning on 1st April 1996, in respect of each class of English hereditaments occupied by Nuclear Electric plc shall be £34,622,125.

(3) The rateable value for any year beginning on or after 1st April 1997 for each class of English hereditaments occupied by Nuclear Electric plc shall be calculated in accordance with the formula

where

P is the rateable value in respect of that class of hereditaments for 1st April 1996.

AGR & PWR Co. Limited

(8D)

(1) The rateable value for 31st March 1996, in respect of each class of English hereditaments occupied by AGR & PWR Co. Limited shall be £99,514,145.

(2) The rateable value for 1st April 1996, in respect of each class of English hereditaments occupied by AGR & PWR Co. Limited, shall be £116,974,983.

(3) The rateable value for any year beginning on or after 1st April 1997, in respect of each class of English hereditaments occupied by AGR & PWR Co. Limited shall be calculated in accordance with the formula

where

P is the rateable value in respect of that class of hereditaments for 1st April 1996.

(5) In article 9(2), omit “any class of English hereditaments and”.

(6) At the end of article 9 add—

(3) In relation to any class of English hereditaments occupied by AGR & PWR Co. Limited or Nuclear Electric plc, the recalculation factor in respect of a relevant year shall be the figure produced by applying in relation to that class the formula—

where

N is the total declared net capacity of generating plant in or on the hereditaments occupied by AGR & PWR Co. Limited or, as the case may be, Nuclear Electric plc in England on 31st March in the relevant preceding year, and n is the total declared net capacity of generating plant in or on the hereditaments occupied by that person on 31st March 1996.

(7) In Part I of the Schedule at the end of section A add the entry “AGR & PWR Co. Limited”.

Section 3 Amendments to the 1994 Water Order

(1) In article 5(b), after “article 10” insert “or 11”.

(2) After article 10 add—

Rateable value for Bournemouth and West Hampshire Water plc

(11)

(1) In relation to the class of hereditaments occupied by Bournemouth and West Hampshire Water plc these Regulations apply as if—

(a) for the definition of “the standard formula”, there were substituted—

“the standard formula” means the formula

where—

P is £3,299,900, and

U is the recalculation factor applicable to the class of hereditaments occupied by Bournemouth and West Hampshire Water plc; and

(b) in the formula in article 7(2) for “T”, there were substituted “P” and at the end of the paragraph there were added “where P is £3,299,900”.