Copyright 2003 Newspaper Publishing PLC
The Independent
(London)
November 29, 2003, Saturday
SECTION: BUSINESS; Pg.
29
LENGTH: 452 words
HEADLINE: BILL GIVES MINISTERS POWER TO BAIL
OUT ENERGY DISTRIBUTORS
BYLINE: MICHAEL HARRISON BUSINESS EDITOR The
development of onshore wind
farms could be accelerated by the Energy Bill's
proposals to streamline
public inquiries into new power stations Andrew
Fox
BODY:
MINISTERS ARE to be granted powers to bail out bankrupt
electricity and gas
companies to prevent the shutdown of their
networks.
The Energy Bill, published yesterday, will create a "special
administration
regime" enabling the Secretary of State for Trade and
Industry, Patricia
Hewitt, to provide grants, loans and loan guarantees to
companies which are
in danger of going bust.
The move follows the
pounds 3bn rescue of the nuclear generator British
Energy, which was only
saved from insolvency by an emergency line of credit
from the Government and
a subsequent agreement that its nuclear liabilities
would be shouldered by
the taxpayer.
DTI officials said, however, that the new special
administration
arrangements would relate only to gas and electricity
distribution companies
- the owners of the local wire and pipe networks - and
not to generating or
supply companies.
They also stressed that the
measure was a precautionary one and that
insolvency of one of these
"protected energy companies" was very unlikely.
Were it to happen, however,
and a network were to close, it would have "very
serious
consequences".
A similar arrangement is already in place for water
companies. The
Government did consult on extending it to energy as part of
the Utilities
Act passed in 2000 but ran out of parliamentary time. A
subsequent attempt
by the Labour peer Lord Borrie to introduce a special
administration
arrangement as part of last year's Enterprise Act failed after
the
Government refused to support it.
The bill will also speed up
public inquiries into the building of new power
stations, perhaps cutting the
time it takes to get planning approval by as
much as a
third.
Renewable energy companies have complained that the development of
onshore
wind farms - a key element in helping the Government meet its Kyoto
targets
- is being hampered by the time it takes to get planning
permission.
The changes to the law will streamline the process by
allowing lead inquiry
inspectors to sit with other inspectors so that
different planning
considerations can be considered at the same
time.
Officials said the new public inquiry process would apply to
onshore wind
farms of more than 50 megawatts.
DTI officials denied
that the changes to the planning regime were a means of
bulldozing through
more wind farms in the face of local opposition. Various
battles are being
fought around the country to prevent wind farms being
built close to Areas of
Outstanding Natural Beauty.
One such battle concerns plans by Ecotricity
to erect two giant wind
turbines at Blackmore Vale on the Dorset-Somerset
border. Opponents claim
the turbines will be visible for a 20-mile
radius.
LOAD-DATE: November 29, 2003