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:
Memorial services to mark 53rd anniversary of Summerland Disaster
Fifty people died in leisure complex fire in 1973
Internet provider to increase prices next month
Manx Telecom says it's in line with annual three percent lift
People with 'lived experience' of autism urged to help shape services
Lay members wanted for steering group
Thie Clag could've been leased to Manx Care
The £11m regeneration scheme was carried out by the taxpayer owned Manx Development Corporation