Holding(s) in Company

Jersey Electricity Company Limited
03 December 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Name of company

THE JERSEY ELECTRICITY COMPANY LIMITED


2. Name of shareholder having a major interest

REPUBLIC LIFE COMMON FUND (L) LIMITED


3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

IN RESPECT OF ABOVE SHAREHOLDER


4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

HSBC GLOBAL CUSTODY NOMINEE (UK) LIMITED


5. Number of shares / amount of stock acquired



6. Percentage of issued class



7. Number of shares / amount of stock disposed

43,077


8. Percentage of issued class

7.4%


9. Class of security

'A' ORDINARY SHARES


10. Date of transaction

29TH NOVEMBER, 2004


11. Date company informed

3RD DECEMBER, 2004


12. Total holding following this notification

NIL


13. Total percentage holding of issued class following this notification

0%


14. Any additional information

TRANSFERRED TO UTILICO INVESTMENT TRUST PLC AS PREVIOUSLY NOTIFIED


15. Name of contact and telephone number for queries

P J ROUTIER
01534 505253


16. Name and signature of authorised company official responsible for making
this notification

P J ROUTIER
COMPANY SECRETARY


Date of notification

3RD DECEMBER, 2004




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