Measure seen as a "last resort"
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.
The Council of Minister's and Tynwald's approval would be needed.
Environment Minister Clare Barber has stressed this measure exists as a last resort:
Another Peel commissioner challenges official account of beach stage decision
Stuart Hardingham says vote took place as conflicting accounts continue to emerge
Peel coastguard responds to report of possible human remains on a beach
Experts confirmed they were more likely from a marine mammal
'Disappointing' third delay to new local government bill
Douglas Councillors blame controversial clause five for the setback
Former Peel commissioner questions Baptist's claims in ongoing dispute
Alan Jones says board decisions require collective responsibility as differing views continue to emerge
'Significant player within several criminal syndicates' jailed
Police issue statement as woman referred to as 'Escobar' sentenced