Member

However, this brings to light issues surrounding equity. If Great British Energy were to raise equity, as suggested in Clause 4, “Financial assistance”, it will no longer be wholly owned by the Crown as required by the Bill. Therefore, the Secretary of State will not be able to designate a company as Great British Energy. These two clauses do not align with each other, and the Bill therefore cannot be read as a coherent draft piece of legislation. I hope that the Minister will recognise this confusion that I seek to address in Amendment 3 in my name. Therefore, I look to the Minister to clarify how these two clauses work cohesively alongside each other, and to confirm whether the ownership of Great British Energy, as outlined in Clause 1, is an issue in the drafting of this legislation.