New Zealand Gazette – 2007 – No. 75

Page 1918

✨ Commerce Act Notices



1918 NEW ZEALAND GAZETTE, No. 75 29 JUNE 2007

(b) notional revenue during the assessment period: the notional revenue of
Transpower at any time during the assessment period is not to exceed the
greater of the allowable notional revenue of Transpower at the assessment
date under this clause and the allowable notional revenue (excluding any
EV adjustment charges) of Transpower at the reference date under clause 5
of the initial notice.

(2) If, during the assessment period, Transpower restructures its prices and provides
the Commission with evidence that the restructuring, of itself, did not create an
increase in revenue for Transpower, then subclause (1) will apply as if the new
price structure applied on and from the reference date.

(3) If, during the assessment period, fixed assets used for providing specified services
(or rights to such assets) are transferred between Transpower and a distribution
business, and Transpower provides the Commission with evidence that the
transfer, of itself, created a decrease in revenue for Transpower equal to the
transmission charge previously applicable to those assets, then subclause (1) will
apply as if the transfer occurred on the reference date.

(4) Despite the other provisions of this clause 5, if the Commission is satisfied that,
because of lack of information or subclauses (1) to (3) being clearly meaningless
in relation to Transpower, it is not practicable to determine whether Transpower
has complied with those subclauses, Transpower will be regarded as having
complied with the price path threshold if it demonstrates beyond reasonable
doubt, by use of an alternative approach that has equivalent effect to those
subclauses, that the substance of those subclauses has been complied with.

6 Quality threshold

(1) The quality threshold for Transpower is as follows:

(a) number of unplanned interruptions: the total number of unplanned
interruptions of Transpower for the assessment period is not to exceed the
five-year average total number of unplanned interruptions of Transpower to
30 June 2003 (calculated in accordance with the right-hand side of the
following expression):

\( I_{2008} \leq \frac{\left( I_{1999} + I_{2000} + I_{2001} + I_{2002} + I_{2003} \right)}{5} \)

where:

\( I_{year} \)  is the total number of unplanned interruptions for the period of
    12 months ending on 30 June in that calendar year;

(b) customer interruptions: the total customer interruptions, calculated in
system minutes, of Transpower for the assessment period is not to exceed
the five-year average total customer interruptions, calculated in system



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2007, No 75


Gazette.govt.nz — PDF NZ Gazette 2007, No 75




✨ LLM interpretation of page content

🏭 Commerce Act (Transpower Thresholds) Notice 2007 (continued from previous page)

🏭 Trade, Customs & Industry
Commerce Act, Transpower, Thresholds, Notice, 2007, Definitions, Electricity Industry