New Zealand Gazette – 2005 – No. 20

Page 462

✨ Financial Valuation Report



Alpine Energy Limited (Lines)

Annual Valuation Reconciliation Report

| | 2004 $
| 2003 $
|---------------------------|-------------
| System Property, Plant & Equipment at ODV (start of period) | 65,957,994 | 65,995,961
| Adjustment following Commerce Commission Comprehensive Audit Process (under Commerce Act 1986) | 0 | 0

| Restated System Property, Plant & Equipment at ODV (start of period) | 65,957,994 | 65,995,961

| Add System Property, Plant & Equipment acquired during the period at ODV | 2,703,783 | 3,329,561
| Less System Property, Plant & Equipment disposed of during the period at ODV | 0 | (233,300)
| Less depreciation on System Property, Plant & Equipment at ODV | (3,495,248) | (3,134,228)
| Add revaluations of System Property, Plant & Equipment | 16,617,471 | 0

| Gives System Property, Plant & Equipment at ODV (end of period) | 81,784,000 | 65,957,994

Valuation of the Network Reticulation System

Valuation of the Network Reticulation System is at net current value on an existing use basis, as at 31 March 2004, and was conducted by KPMG, Christchurch. The Commerce Commission has adjusted this valuation (as shown) following a comprehensive audit.

Explanation of Terms

General

  • km: kilometres
  • kV: kilovolts
  • kVA: kilovolt amperes
  • kW: kilowatts
  • kWh: kilowatt hours (also referred to as units)
  • ODV: Optimised Deprival Valuation
  • GXP: Grid Exit Point

Network Statistics

  • Generation: Electricity provided by embedded generation from Opuha Dam.
  • Import: Electricity supplied to the Network from Transpower’s Network.
  • Export: Electricity supplied to Transpower’s Network from the Network at Albury GXP due to a surplus of embedded generation over demand.

Reliability and Performance Measures

  • Class A: planned interruptions by Transpower.
  • Class B: planned interruptions by Alpine Energy.
  • Class C: unplanned interruptions by Alpine Energy.
  • Class D: unplanned interruptions by Transpower.
  • Class E: unplanned interruptions on ‘generation’ lines used by Alpine Energy.
  • Class F: unplanned interruptions on ‘generation’ lines used by another line owner.
  • Class G: unplanned interruptions caused by another line owner.
  • Class H: planned interruptions caused by another line owner.
  • Class I: an interruption not referred to in Classes A to H.


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 20


Gazette.govt.nz — PDF NZ Gazette 2005, No 20




✨ LLM interpretation of page content

🏭 Alpine Energy Limited Annual Valuation Reconciliation Report (continued from previous page)

🏭 Trade, Customs & Industry
Financial Performance, Electricity Lines Business, Valuation, System Property, Plant and Equipment, ODV, Commerce Commission, Audit, Depreciation, Revaluation