Utilities: Insolvency
The question
To ask the Secretary of State for Environment, Food and Rural Affairs, if she will make it her policy to ensure that (a) public, (b) environmental and (c) customer interests are prioritised in the special administration regime for utility providers.
Answered by Emma Hardy
The purposes of a Special Administration Regime are set out in legislation. In the event of a SAR, it is for the special administrator to manage the affairs of the company so that the company continues to carry out its statutory duties pending rescue (via e.g. debt restructuring) or transfer (via a sale) to new owners. The Government will always act in the national interest.
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