35.0

<div data-id="section-c-1-1.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">1.1 Introduction</div>

<div data-id="section-c-1-1.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">1.2 Role and powers, functions and responsibilities of BSCCo</div>

<div data-id="section-c-1-1.3" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">1.3 Objectives</div>

<div data-id="section-c-1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">1. GENERAL</div>

<div data-id="section-c-2-2.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">2.1 Constitution of BSCCo</div>

<div data-id="section-c-2-2.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">2.2 Share capital of BSCCo</div>

<div data-id="section-c-2-2.3" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">2.3 Further undertakings of NETSO</div>

<div data-id="section-c-2-2.4" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">2.4 No obligation to finance</div>

<div data-id="section-c-2-2.5" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">2.5 Winding-up of BSCCo</div>

<div data-id="section-c-2-2.6" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">2.6 Legal Requirements relating to the NETSO</div>

<div data-id="section-c-2-2.7" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">2.7 Taxation and other payments</div>

<div data-id="section-c-2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">2. CONSTITUTION OF BSCCO AND OBLIGATIONS OF THE NETSO AS BSCCO SHAREHOLDER</div>

<div data-id="section-c-3-3.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">3.1 General</div>

<div data-id="section-c-3-3.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">3.2 Panel Secretary</div>

<div data-id="section-c-3-3.3" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">3.3 Enforcement of Code</div>

<div data-id="section-c-3-3.4" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">3.4 Restrictions on powers of BSCCo</div>

<div data-id="section-c-3-3.5" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">3.5 BSCCo resources</div>

<div data-id="section-c-3-3.6" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">3.6 Provision of information to the Authority, etc</div>

<div data-id="section-c-3-3.7" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">3.7 Matters relating to the Transmission Licence</div>

<div data-id="section-c-3-3.8" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">3.8 Reviews of the Code</div>

<div data-id="section-c-3-3.10" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">3.10 Summary of Code</div>

<div data-id="section-c-3" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">3. POWERS AND FUNCTIONS OF BSCCO</div>

<div data-id="section-c-4-4.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">4.1 Appointment of Board of Directors and Chairman</div>

<div data-id="section-c-4-4.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">4.2 Directors</div>

<div data-id="section-c-4-4.4" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">4.4 Expenses and remuneration</div>

<div data-id="section-c-4-4.5" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">4.5 Indemnity</div>

<div data-id="section-c-4-4.6" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">4.6 Chief Executive</div>

<div data-id="section-c-4-4.7" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">4.7 Proceedings of the Board</div>

<div data-id="section-c-4-4.8" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">4.8 General Meetings</div>

<div data-id="section-c-4-4.9" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">4.9 Non-Binding Resolutions</div>

<div data-id="section-c-4-4.10" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">4.10 Binding Resolutions</div>

<div data-id="section-c-4" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">4. GOVERNANCE OF BSCCO</div>

<div data-id="section-c-5-5.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">5.1 Liability of BSCCo</div>

<div data-id="section-c-5-5.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">5.2 Party particularly prejudiced by BSCCo breach</div>

<div data-id="section-c-5-5.3" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">5.3 Capacity of BSCCo</div>

<div data-id="section-c-5" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">5. RELATIONSHIP BETWEEN PARTIES AND BSCCO</div>

<div data-id="section-c-6-6.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">6.1 Introduction</div>

<div data-id="section-c-6-6.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">6.2 Scope of Business Strategy and Annual Budget</div>

<div data-id="section-c-6-6.3" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">6.3 Business Strategy</div>

<div data-id="section-c-6-6.4" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">6.4 Annual Budget</div>

<div data-id="section-c-6-6.5" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">6.5 Budget overspend</div>

<div data-id="section-c-6-6.6" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">6.6 MHHS Implementation Management First Year Budget</div>

<div data-id="section-c-6" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">6. BUSINESS STRATEGY AND ANNUAL BUDGET</div>

<div data-id="section-c-7-7.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">7.1 General</div>

<div data-id="section-c-7-7.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">7.2 BSC Clearer</div>

<div data-id="section-c-7-7.3" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">7.3 Duties of BSCCo</div>

<div data-id="section-c-7-7.4" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">7.4 Constitution, etc</div>

<div data-id="section-c-7-7.5" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">7.5 Directors and secretary</div>

<div data-id="section-c-7-7.6" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">7.6 BSCCo services</div>

<div data-id="section-c-7" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">7. BSC COMPANIES</div>

<div data-id="section-c-8-8.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">8.1 BETTA Support Work</div>

<div data-id="section-c-8-8.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">8.2 Further provisions</div>

<div data-id="section-c-8" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">8. BSCCO INVOLVEMENT IN BETTA</div>

<div data-id="section-c-9-9.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">9.1 Provision of Profile Administration Services in certain circumstances</div>

<div data-id="section-c-9-9.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">9.2 BSCCo’s capacity and obligations</div>

<div data-id="section-c-9-9.3" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">9.3 Contracts for Profile Administration Services</div>

<div data-id="section-c-9" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">9. PROVISION OF PROFILE ADMINISTRATION SERVICES BY BSCCO</div>

<div data-id="section-c-10-10.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">10.1 General</div>

<div data-id="section-c-10-10.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">10.2 Ring-Fencing of Permitted Affiliates</div>

<div data-id="section-c-10" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">10. <span>Permissible</span> ACTIVITIES UNDERTAKEN BY PERMITTED AFFILIATES</div>

<div data-id="section-c-11-11.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">11.1 Provision of Support to EMR Settlement Services Providers</div>

<div data-id="section-c-11-11.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">11.2 Agreement between BSCCo and EMR Settlement Services Providers</div>

<div data-id="section-c-11" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">11. PROVISION OF SUPPORT TO EMR SETTLEMENT SERVICES PROVIDERS</div>

<div data-id="section-c-12-12.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">12.1 Introduction</div>

<div data-id="section-c-12-12.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">12.2 Interpretation</div>

<div data-id="section-c-12-12.3" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">12.3 MHHS Governance Framework</div>

<div data-id="section-c-12-12.4" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">12.4 BSCCo as MHHS Implementation Manager: General</div>

<div data-id="section-c-12-12.5" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">12.5 BSCCo as MHHS Implementation Manager: MHHS SRO</div>

<div data-id="section-c-12-12.6" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">12.6 BSCCo as MHHS Implementation Manager: MHHS PMO</div>

<div data-id="section-c-12-12.7" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">12.7 BSCCo as MHHS Implementation Manager: MHHS DA</div>

<div data-id="section-c-12-12.8" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">12.8 BSCCo MHHS Implementation Manager: MHHS SI</div>

<div data-id="section-c-12-12.9" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">12.9 BSCCo as MHHS Implementation Manager: MHHS PPC</div>

<div data-id="section-c-12-12.9A" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">12.9A MHHS Implementation Manager: Development of Data Integration Platform</div>

<div data-id="section-c-12-12.10" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">12.10 MHHS Independent Assurance Provider</div>

<div data-id="section-c-12-12.11" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">12.11 MHHS Participants BSCCo</div>

<div data-id="section-c-12-12.12" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">12.12 MHHS Participants: General</div>

<div data-id="section-c-12-12.13" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">12.13 MHHS Participants: DCC</div>

<div data-id="section-c-12-12.14" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">12.14 MHHS Participants: MHHS Affected Code Bodies</div>

<div data-id="section-c-12-12.15" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">12.15 MHHS Participants: Party Agent</div>

<div data-id="section-c-12-12.16" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">12.16 MHHS Participants: Suppliers</div>

<div data-id="section-c-12-12.17" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">12.17 MHHS Performance Assurance</div>

<div data-id="section-c-12-12.18" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">12.18 Tendering for the MHHS Implementation Manager Role</div>

<div data-id="section-c-12-12.19" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">12.19 MHHS Implementation: Additional Budget Requirements</div>

<div data-id="section-c-12-12.20" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">12.20 MHHS Implementation: Sunset Provision</div>

<div data-id="section-c-12" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">12. MARKET-WIDE HALF HOURLY SETTLEMENT IMPLEMENTATION</div>

<div data-id="section-c-13" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">13. Capacity Market Advisory Group Administration</div>

<div data-id="section-c-14" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">14. Energy Price Guarantee Scheme</div>

<div data-id="section-c-15" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">15. Energy Bill Relief Scheme</div>

<div data-id="section-c" style="text-align:center">SECTION C: BSCCO AND ITS SUBSIDIARIES</div>

<div data-id="annex-c-1-1-1.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">1.1 Settlement Services Provider for Feed in Tariff Contracts for Difference</div>

<div data-id="annex-c-1-1-1.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">1.2 Settlement Services Provider for Capacity Agreements</div>

<div data-id="annex-c-1-1-1.3" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">1.3 EMR Tender Activities</div>

<div data-id="annex-c-1-1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">1 Activities performed pursuant to the Energy Act 2013</div>

<div data-id="annex-c-1-1A-1A.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">1A.1 Preparatory Work</div>

<div data-id="annex-c-1-1A" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">1A Settlement Services Provider Preparation for Market Changes</div>

<div data-id="annex-c-1-2-2.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">2.1 General</div>

<div data-id="annex-c-1-2-2.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">2.2 PAFA tender</div>

<div data-id="annex-c-1-2-2.3" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">2.3 Reimbursement of PAFA Tender Costs to Trading Parties</div>

<div data-id="annex-c-1-2-2.4" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">2.4 Shareholder arrangements with PAFACo</div>

<div data-id="annex-c-1-2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">2. Uniform Network Code Gas Performance Assurance Framework Administrator (PAFA) role</div>

<div data-id="annex-c-1-3-3.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">3.1 General</div>

<div data-id="annex-c-1-3-3.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">3.2 RECAS Tender</div>

<div data-id="annex-c-1-3-3.3" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">3.3 Reimbursement of RECAS Tender Costs to Trading Parties</div>

<div data-id="annex-c-1-3-3.4" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">3.4 Shareholder arrangements with RECASCo</div>

<div data-id="annex-c-1-3" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">3. Retail Energy Code (REC) Administrative Services (RECAS) Role</div>

<div data-id="annex-c-1-4-4.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">4.1 General</div>

<div data-id="annex-c-1-4-4.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">4.2 PACo Tender</div>

<div data-id="annex-c-1-4-4.3" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">4.3 Reimbursement of PACo Tender Costs to Trading Parties</div>

<div data-id="annex-c-1-4-4.4" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">4.4 Shareholder arrangements with PACo</div>

<div data-id="annex-c-1-4-4.5" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">4.5 Financial Reporting</div>

<div data-id="annex-c-1-4" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">4. Other Permitted Activities</div>

<div data-id="annex-c-1" style="text-align:center">ANNEX C-1: PERMISSIBLE ACTIVITIES</div>

<div data-id="annex-c-2-1-1.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">1.1 Introduction</div>

<div data-id="annex-c-2-1-1.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">1.2 Resolutions raised by Parties (Binding Resolutions and Non-Binding Resolutions)</div>

<div data-id="annex-c-2-1-1.3" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">1.3 Resolutions raised by BSCCo (Appointment Resolutions)</div>

<div data-id="annex-c-2-1-1.4" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">1.4 Distribution Business Groups and Trading Party Groups</div>

<div data-id="annex-c-2-1-2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">2. VOTE ALLOCATION MECHANISM</div>

<div data-id="annex-c-2-1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">1 GENERAL</div>

<div data-id="annex-c-2-3-3.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">3.1 Quorum</div>

<div data-id="annex-c-2-3-3.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">3.2 Conduct of Meeting</div>

<div data-id="annex-c-2-3" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">3. QUORUM AND CONDUCT OF MEETING</div>

<div data-id="annex-c-2-4-4.1" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">4.1 Administration of Voting</div>

<div data-id="annex-c-2-4-4.2" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">4.2 Voting</div>

<div data-id="annex-c-2-4-4.3" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">4.3 Audit</div>

<div data-id="annex-c-2-4" style="margin-left:0.69in;text-align:justify;text-indent:-0.69in">4. VOTING</div>

<div data-id="annex-c-2" style="text-align:center">ANNEX C-2: VOTING PROCEDURES FOR BINDING RESOLUTIONS, NON-BINDING RESOLUTIONS AND APPOINTMENT RESOLUTIONS</div>

CONTENTS

BSC Section C: BSCCo and its Subsidiaries V35.0

Defined Terms

Cross-references