s.27Renewal of licence
27
Section 27Part 3 — Licensing

Renewal of licence

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Where a T&D licensee applies for renewal of a T&D licence, the Office may refuse to renew that T&D licence for reasonable cause including whether the licensee is or has engaged in conduct that contravenes this Law or is or has been otherwise in fundamental or persistent breach of that T&D licence.
Where the Office has reasonable cause for refusing to renew a T&D licence under subsection (1), it shall inform the T&D licensee by written notice to be served upon the T&D licensee as soon as practicable, of the Office's intention not to renew the T&D licence and specify the reasonable cause upon which the Office relies for refusing to renew the T&D licence.
A T&D licence shall be automatically renewed for further periods of up to twenty years unless abandoned or surrendered by the T&D licensee or unless written notice of non-renewal for reasonable cause by the Office is given under subsection (2) at least five years prior to the expiry of the T&D licence, and if, within two years of service of the said notice given by the Office, reasonable cause has not been shown to the Office's satisfaction that the T&D licence should be renewed, the Office shall compel compulsory divestiture of the T&D assets of the T&D licensee upon expiry of the T&D licence at a value equal to the average of the values determined by a panel of three qualified valuers with experience in valuing T&D assets.
The panel referred to in subsection (3) shall be —
one member to be chosen by the Office;
one member to be chosen by the T&D licensee; and
one member, who shall be chairman of the panel, to be chosen by the other two members.
The panel referred to in subsections (3) and (4) shall value the T&D assets of the T&D licensee at the fair market value.
A licensee referred to under subsection (2) shall have three months from the date of service of the said notice to make written submissions to the Office in respect of the refusal and showing cause why it ought to have its licence renewed.
The Office shall consider any written submissions made under subsection (6), and shall inform the licensee of its decision on the matter and provide written reasons for its decision within two months of the receipt of the said submissions.

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