Valuation Act, 1988


Property to be Included in Global Valuation of Public Utility Undertakings

Section 4

1. Buildings, constructions and installations.

2. The entire networks subsumed in the undertaking, including signal transmission and reception equipment, and all associated masts, lines, cables, posts, pylons, supports, brackets, ducting, tubing and all equipment necessary for normal effective functioning of the networks up to the supply point for each individual consumer.

3. All pipeline networks and systems including pressurising and pressure reducing equipment together with associated site developments.

4. Storage and containment facilities including tanks, silos, or other plant or developments used for the storage and for containment of any substance whether solid or fluid (liquid or gaseous).

5. Gas works, gas pipelines and natural gas terminals.

6. Telecommunication, radio and television relay and rediffusion networks including lines, cables and ancillary appendages necessary for the working of such networks.

7. Electricity Generating Stations, including where appropriate—

(a) all buildings and structures,

(b) all tanks including fuel oil tanks, water tanks and chemicals tanks,

(c) boilers, furnaces and ancillary fuel handling equipment,

(d) cooling water inlet and outlet facilities including pump-houses, culverts, pipeworks, weirs and outfall works,

(e) natural gas installations,

(f) effluent disposal works including chimneys, sewage disposal works and treatment plant,

(g) wind generators, turbines and generators together with ancillary plant and electrical equipment including transformers,

(h) docks, cooling towers, embankments, canals (head race, tail race), locks, penstocks and surge tanks,

(i) dams, weirs, bridges, jetties, railways, roads and reservoirs,

(j) all ancillary on site developments,

(k) all electric lines.

8. Electricity Transformer Stations including—

(a) all buildings and structures,

(b) all site developments,

(c) transformers,

(d) electrical equipment — including switchgear, circuit breakers and associated developments,

(e) all electric lines.

9. Electric lines (as defined in section 46 of the Electricity (Supply) (Amendment) Act, 1945 ) including transmission and distribution networks and consumer service mains and networks on, over, or underground, together with lines and cables with their respective supports (including poles, pylons, brackets), culverts, cuttings, ductings, and pole transformers, used in association with those electricity conductors.