The Gas Act 1986 (Nominated Company) Order 1986
Section 49(1) of the Gas Act 1986 provides that, on a day appointed by the Secretary of State, all the property, rights and liabilities to which the British Gas Corporation was entitled or subject immediately before that date shall (subject to section 50 (British Gas Stock) of that Act) become by virtue of that section property, rights and liabilities of a company nominated for the purposes of the section by the Secretary of State.