(1) Commissioners shall be paid from the funds of the Commission‐(a) such remuneration, if any, as the Commission may from time to time determine, having regard to the recommendations of the National Salaries, Incomes and Wages Commission; and(b) such allowances, if any, as the Commission, may from time to time determine, having regard to the recommendations of the National Salaries, Incomes and Wages Commission, to meet any reasonable expenses incurred by such Commissioners in connection with the business of the Commission. (5) For a meeting of the Commission to review any previous decision or order taken by the Commission, the quorum shallsbe no les or order was made. (3) Subject to subsection (2) of this section, nothing in this Act and nothing done by or pursuant to a transfer order creates any new cause of action in favour of‐(a) a holder of a debt instrument that was issued by the initial holding company (or deemed to have been issued by it) before the date of its transfer as specified in the relevant transfer order;(b) a party to a contract with the initial holding company (or deemed to have been issued by it under section 4 (5) that was entered into before the date of its transfer as specified in the relevant transfer order.The initial holding company shall provide a transferee with all records or copies of records, that are in its custody or control and that relate to an officer, employee, asset, liability, right orboligation that is transferred by or pursuant to a transfer order, including personal information.The National Council on Privatisation may, at any time within one year after making a transferorder, make a further order amending the transfer order in any way thateth National Council onPrivatisation considers necessary or advisable, including such order or orders as may be necessary to rectify the transfer of any of the employees, assets, liabilities, rights and obligations pursuant to a verification or an audit of employees, assets and liabilities of the initial holding company as at the date of the relevant transfer order, and this Part applies with necessary modifications to the amendment. The diagram above contains some of the major challenges facing the Nigerian Electricity Industry. With the EPSR Act, Nigerian power sector reform achieved institutionalisation. (1) The National Council on Privatisation shall, not later than one year from the initial transfer date, by an order, require the initial holding company to transfer employees, assets, liabilities, rights and obligations of the initial holding company to a successor company, as specified in the order. (1) The National Council on Privatisation may make regulations‐(a) supplementing the provisions of this Part and governing the transfer of, employees, assets, liabilities, rights, and obligations under this Part;(b) prescribing contracts or classes of contracts to which section 15 (1) does not apply, subject to such conditions or restrictions as may be prescribed by the regulations. The Electric Power Sector Reform Act of 2005 provided the roadmap for the reform process and defining what the post-reform market would look like. (3) The vesting of assets and liabilities under subsection (2) of this section shall be provisional until final orders are issued by the National Council on Privatisation under this section. Enforcement or continuation of any cause of action or proceedings.15. (6) Whenever the office of Chairman or Vice‐Chairman falls vacant, or on the death of the Chairman or Vice‐Chairman, the President shall, within three weeks, select another Commissioner to fill the vacancy under section 39. (3) Subject to section 36, a Commissioner shall hold office on such terms and conditions as the President may fix in relation to Commissioners generally. Establishment of the Power Consumer Assistance Fund.84. (2) The headquarters of the Commission shall be at Abuja. (2) A successor company that has received an interim licence under subsection (1) shall, within six months thereafter, apply to the Commission forcaenrecgeular li Part IV of this Act. (1) Subject to subsections (2) and (3) of this section, the Commission shall consist of seven full time Commissioners appointed by the President subject to confirmation by the Senate. The reform was deemed essential for the provision of affordable stable electricity needed to drive industrialisation and development and also the growing unconnected population.