✨ Commerce Act Notice Definitions
27 JUNE 2008 NEW ZEALAND GAZETTE, No. 106 2799
regulatory asset base is the asset base determined in a manner which is consistent with clause 3 of Schedule 1 and which is used in determining the AC or HVDC year end revenue requirement
relevant pricing year, in relation to an assessment period, means the pricing year commencing on 1 April immediately before the start of that assessment period
Requirements means the Electricity Information Disclosure Requirements 2004 or any successor requirements published by the Commission under section 57T of the Act
security of supply event in relation to non-Part F capex and an assessment period, means an event occurring during or prior to that assessment period that has adverse consequences for the transmission system and where -
(a) the non-Part F capex required during the assessment period to rectify those adverse consequences—
(i) is not provided for in the amount specified in *clause 6(1)(a)* or *(b)*, or *(c)* as the case may be (for example, non-Part F capex on replacement, refurbishment, development, or enhancement of transmission assets); and
(ii) will, or is likely to, cause Transpower to exceed the transmission (non-Part F capex) threshold in the assessment period; and(b) the amount or timing of the non-Part F capex required during the assessment period was not anticipated at the time the amount specified in clause 6(1)(a), (b), or (c), as the case may be was set; and
(c) the total amount of the non-Part F capex required as a result of the event exceeds, or is reasonably anticipated by Transpower to exceed, $5 million; and
(d) Transpower can demonstrate that the non-Part F capex is required during the assessment period to ensure the reliability and security of its transmission system, and that it is not able to reduce non-Part F capex in other areas without materially adversely affecting the reliability and security of the transmission system
SOSPA means the service provider agreement entered into between the Electricity Commission and Transpower for the provision by Transpower of system operator services dated 1 March 2004, as amended from time to time
specified services means all goods and services, provided by Transpower in New Zealand, that are electricity transmission goods or services or are directly related to the provision of electricity transmission, and includes—
(a) the provision, operation, and maintenance of electricity works such as the high voltage direct current inter-island link and lines, cables, and substations that facilitate the national conveyance of electricity throughout the national grid; and
(b) the sale of electricity conveyance services to customers—
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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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