166 Indemnities
Energy Act 2004 (2004 c 20) | Legislation

166 Ìý±õ²Ô»å±ð³¾²Ô¾±³Ù¾±±ð²õ

(1)     This section applies where an energy administration order has been made in relation to a company.

(2)     The Secretary of State may agree to indemnify persons in respect of one or both of the following—

(a)     liabilities incurred in connection with the exercise and performance by the energy administrator of his powers and duties; and

(b)     loss or damage sustained in that connection.

(3)     The agreement may be made in whatever manner, and on whatever terms, the Secretary of State considers appropriate.

[(3AA)     As soon as practicable after agreeing to indemnify persons under this section, the Secretary of State must lay a statement of the agreement before Parliament.]

(4)     If sums are paid by the Secretary of State in consequence of an indemnity agreed to under this section, the company must pay him—

(a)     such amounts in or towards the repayment to him of those sums as he may direct; and

(b)     interest, at such rates as he may direct, on amounts outstanding

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