It still needs approval from the Council of Minister's and Tynwald
A bill - which would allow a financially distressed energy supplier to be placed into a form of special administration - has been given its second reading in The House of Keys.
It's being stressed that this measure exists as a last resort; the Council of Minister's and Tynwald's approval would be needed.
Environment Minister Clare Barber:
Rider died after crashing into garden wall
Ian Bainbridge, 69, had raced in the Manx Grand Prix since 2005
Cannan: 'I will be proposing referendum on assisted dying'
House of Keys currently considering clauses of bill
Health Minister refused to be drawn into legalities of Roundhouse access issues
Lawrie Hooper said a meeting with Braddan Commissioners went well
Man given suspended sentence for stealing £660 worth of Nike clothing
38-year-old stole goods from Sports Direct
Police appeal for information after fire extinguisher incident
Three were taken from an unknown location and set off in Douglas
MHK brands public sector overpayments "breathtakingly incompetent"
Mr Wannenburgh said the errors were 'at best negligence, at worst a dereliction of duty'
