Electricity Regulation (Amendment) (Eirgrid) Act 2008

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Number 11 of 2008

ELECTRICITY REGULATION (AMENDMENT) (EIRGRID) ACT 2008

ARRANGEMENT OF SECTIONS

Section

1. Definitions.

2. Functions of EirGrid and interconnector.

3. Amendment of section 2A (position of interconnectors as respects transmission system) of Act of 1999.

4. Amendment of section 34A (terms for access to interconnector) of Act of 1999.

5. Subsidiaries of EirGrid, etc.

6. Borrowings by EirGrid.

7. Capital expenditure by EirGrid.

8. Alteration of memorandum and articles of association of EirGrid.

9. Revocations.

10. Short title.

Acts Referred to

Number 11 of 2008

ELECTRICITY REGULATION (AMENDMENT) (EIRGRID) ACT 2008

AN ACT TO ENABLE, SUBJECT TO THE GRANT OF AN AUTHORISATION BY VIRTUE OF SECTION 16(1)(b) OF THE ELECTRICITY REGULATION ACT 1999, THE CONSTRUCTION BY EIRGRID OF AN INTERCONNECTOR, TO ENABLE, SUBJECT TO THE GRANT OF A LICENCE UNDER SECTION 14(1)(i) OF THE ELECTRICITY REGULATION ACT 1999, THE TRANSPORTATION OF ELECTRICITY ACROSS AND THE MAINTENANCE OF SUCH AN INTERCONNECTOR BY EIRGRID, TO ENABLE EIRGRID TO OWN AND OPERATE SUCH AN INTERCONNECTOR, TO PROVIDE FOR SUBSIDIARIES OF EIRGRID, TO PROVIDE FOR AN INCREASE IN THE AMOUNT OF MONEY THAT EIRGRID MAY BORROW, TO PROVIDE FOR THE TOTAL CAPITAL EXPENDITURE THAT MAY BE INCURRED BY EIRGRID AND TO PROVIDE FOR CONNECTED MATTERS.

[8th July, 2008]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: