✨ Commerce Act Definitions
27 JUNE 2008 NEW ZEALAND GAZETTE, No. 106 2797
HVDC transmission charge means, in relation to an assessment period, any charge payable to Transpower by HVDC customers in respect of the use by Transpower of Transpower’s HVDC transmission system for the purpose of providing specified services to customers
HVDC year end revenue requirement means, in relation to an assessment period, the HVDC forecast revenue requirement for that assessment period redetermined in a manner consistent with Schedule 1 as at the end of the assessment period, excluding the EV adjustment, substituting actual data for forecast data where appropriate and including any actual events impacting on Transpower’s asset base (for example, stranding of assets) that were not anticipated at the time the HVDC forecast revenue requirement was determined but which occurred during the assessment period
indexed opex means, in relation to an assessment period, an amount equal to $199.61 million adjusted by the annual average change in the CPI over the period from 1 July 2007 to the end of that assessment period
insurance event means an event which results in loss or damage to insured transmission assets used for the provision of specified services, and in respect of which Transpower is entitled to make an insurance claim under an insurance policy in place at the time of the event.
interruption, in relation to the conveyance of electricity to a customer by means of a prescribed voltage electric line, means the cessation of conveyance of electricity to that customer for a period of 1 minute or longer, other than by reason of disconnection of that customer—
(a) for breach of the contract under which the electricity is conveyed; or
(b) as a result of a request from the customer; or
(c) as a result of a request by the customer’s electricity retailer; or
(d) for the purpose of isolating an unsafe installation
national grid means the fixed assets used or owned by Transpower for the purpose of conveying electricity
non-Part F capex means capital expenditure on any of—
(a) replacement and refurbishment of existing transmission assets, as described in clauses 2 and 3 of Part 1 of Schedule 2;
(b) minor development and enhancements of transmission assets, as described in clause 4 of Part 1 of Schedule 2;
(c) operational network information and technology services, as described in clause 5 of Part 1 of Schedule 2 -
that is directly related to the provision, operation or maintenance of electricity works used to provide specified services, but excluding any such expenditure—
(d) on business support assets;
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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