Electricity Act 1947

In subsection (1) for paragraph (a) the following paragraph shall be substituted :—

“(a)the execution of works necessary for the generation or transmission of electricity other than works required for the replacement or renewal of works already authorised ;”

for the word " said " in paragraph (b) there shall be substituted the words " North of Scotland "; the word " or " in that paragraph shall be omitted and paragraph (c) shall be omitted ; and at the end of the said subsection (1) there shall be inserted the following words—

“Provided that if the Secretary of State is satisfied that a proposed extension of an existing generating station involves only works of a minor character he may, subject to such conditions as he may think fit to impose, authorise the Board to execute those works without the preparation of a constructional scheme”

; in subsection (3) after the words " scheme is so approved " there shall be inserted the words " or if, the scheme not having been so approved, the Secretary of State and the Minister of Fuel and Power at the request of the Board and after considering any representations by the Central Authority so direct "; in subsections (3) and (4) for the words " Electricity Commissioners " there shall be substituted the words " Central Authority "; in subsection (7) the proviso shall be omitted.

In subsection (1) for the words " Electricity Commissioners " there shall be substituted where those words occur for the first time the words " Central Authority ", and where those words occur for the second time the words " Secretary of State ", for the words " so however that " there shall be substituted the words

“Provided that

(i)in determining such prices no undue preference shall be shown to, and no undue discrimination shall be exercised against, any person or class of persons ; and

(ii)”

and for the word " may" where that word occurs for the first time there shall be substituted the word " shall ".

In subsection (1), after the words " such report " there shall be inserted the words " shall set out any direction given by the Secretary of State to the Board during that year unless the Secretary of State has notified the Board that in his opinion it is against the interests of national security to do so and ", and for subsection (2) the following subsection shall be substituted :—

“(2)The Board shall furnish to the Secretary of State and the Minister of Fuel and Power such returns, accounts and information regarding the property and activities of the Board as they may require and afford to them facilities for the verification of the information furnished in such manner and at such times as they may require.”

For Paragraph 1 the following paragraph shall be substituted: —

1The cost of production at each steam generating station operated in the year by the Central Authority shall be ascertained by calculating the following costs, charges and allowances in respect of the year—

(i)the sums expended for fuel, oil, water and stores consumed, for salaries and wages, and any contributions for pensions, superannuation and insurance of officers and servants, for repairs and maintenance and for renewals not chargeable to capital account;

(ii)sums paid as rents, rates and taxes (other than taxes on profits) and for insurance in respect of the station ;

(iii)the proper proportion of management and general establishment charges attributable to the station ;

(iv)any other expenses on revenue account attributable to the station ;

(v)interest (exclusive of interest payable out of capital) on money properly expended for capital purposes (whether defrayed out of capital or revenue) and attributable to the generating station and the plant suitable to and used for the purpose of generating electricity therein, and interest on working capital properly attributable to the station and the production of electricity therein ;

The rate of interest for the purposes of this paragraph shall be such as the Secretary of State and the Minister of Fuel and Power acting jointly may direct;

(vi)an allowance for depreciation of such amount as the Secretary of State and the Minister of Fuel and Power acting jointly may determine.