✨ Commerce Act Notice
27 JUNE 2008 NEW ZEALAND GAZETTE, No. 106 2795
(for example, stranding of assets) that were not anticipated at the time the AC forecast revenue requirement was determined but which occurred during the assessment period
assessment means assessment under section 57H(a) of the Act
assessment date means the date as at which Transpower is to be assessed against a threshold, being 30 June of each of the years 2009 to 2011 inclusive
assessment period means the period of 12 months ending on an assessment date
auditor in relation to Transpower, means a person who—
(a) is qualified for appointment as auditor of a company under the Companies Act 1993; and
(b) has no relationship with, or interest in, Transpower, being a relationship or interest that is likely to involve that person in a conflict of interest; and
(c) has the necessary expertise to properly undertake an audit required by clause 9; but
(d) need not be the same person as the person who audits the accounts of Transpower for any other purpose
CPI means the Consumer Price All Groups Index SE9A figure published by Statistics New Zealand
customer means any generator, large electricity lines business, consumer, or other entity in New Zealand that is connected, or applies to be connected, to the national grid
customer account means a separate account maintained by Transpower in respect of AC customers or HVDC customers to record the balance, from time to time, of ex-post economic gains or losses accrued but not yet returned to or recovered from those customers
Electricity Commission levy, in relation to Transpower, means an industry levy paid or payable by Transpower in accordance with section 172ZC of the Electricity Act 1992
EV means economic value
EV adjustment means, in relation to an assessment period, an input to the AC or HVDC forecast revenue requirement for that assessment period for the purpose of returning to or recovering from AC customers or HVDC customers a portion of the account balance in the customer account for those customers, and which is calculated in accordance with the formula in clause 9(4) of Schedule 1
excluded services means the goods and services referred to in paragraphs (c) to (i) of the definition of specified services
ex-post economic gain or loss means, for any assessment period, the difference (expressed as a positive or negative amount) between AC revenue or HVDC
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NZ Gazette 2008, No 106
✨ LLM interpretation of page content
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Commerce Act (Transpower Thresholds) Notice 2008
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🏭 Trade, Customs & IndustryCommerce Act, Transpower, Thresholds, Notice, 2008, Definitions, Assessment, Auditor, CPI, Customer, Economic Value