Section 71: Terms and conditions of licences.

(1) A licence shall be issued subject to such terms and conditions as may be prescribed, or as the Commission may reasonably determine, including terms and conditions prescribing the use of a tariff methodology approved by the Commission under section 76.
(2) Without derogation from subsection (1) of this section, the terms and conditions of a licence may require the licensee to :
(a) enter into agreements on specified terms with other persons for the provision of or use of electric lines and associated equipment operated by the licensee;
(b) purchase power and other resources in an economical and transparent manner;
(c) refer disputes for arbitration, mediation, or determination by the Commission.
(3) In the case of a licence issued to an applicant referred to in section 70 (3), the licence may be issued subject to the condition that the licensee shall divest itself within a specified time of any holding of shares in another licensee or such other conditions, including adherence to codes of conduct, that the Commission determines to be in the public interest.
(4) In issuing or renewing a distribution licence, the Commission may impose a condition requiring the licensee to make such reasonable provision as may be specified by the Commission in the licence for the facilitation of rural electrification in the proximity of the service, having due regard to the tariff methodology established by the Commission under section 76.
(5) A licence may require the licensee to provide information to the Commission on a periodic basis, in such form and detail as the Commission may determine.
(6) Unless expressly indicated in the licence, the grant of a licence shall not hinder or restrict the grant of a licence to another person for a like purpose and, in the absence of such an express indication, the licensee, shall not claim any exclusivity, provided that the Commission may allow a licensed activity to be exclusive for all or part of the period of the licence, for a specific purpose, for a geographical area, or for some combination of the foregoing.
(7) A licence may contain terms and conditions for the licence to cease to have effect or to be modified or amended by the Commission in such circumstances as may be specified in the licence or as may be determined by the Commission.
(8) As a condition of its licence, every licensee shall, unless expressly exempted by its licence, prepare and submit to the Commission each year such accounting information as the Commission may require.
(9) The Commission shall include in each licence such details as it determines or are required regarding the rights and obligations of the licensee, and procedures to be followed, at the end of its licence term.
(10) A licence shall be valid for a period of up to, but not exceeding ten years, provided that the Commission may extend the period of a licence taking into account the nature of the undertaking or business, for an additional period not exceeding five years at a time it determines that it is in the public interest to do so.
(11) Every licence shall be deemed to contain a provision that the licensee comply with the market rules to the extent applicable to the licensee.