✨ Commerce Act (Transpower Thresholds) Notice 2008
2804 NEW ZEALAND GAZETTE, No. 106 27 JUNE 2008
(iv) adequately take these views into account when making its asset management decisions.
(2) 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, then subclause (1)(a) and (b) will apply as if the transfer occurred on 30 June 1998.
(3) Despite the other provisions of this clause 9, if the Commission is satisfied that, because of lack of information, it is not practicable to determine whether Transpower has complied with subclauses (1) and (2), Transpower will be regarded as having complied with the quality 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. The threshold compliance statement and the auditor’s report need not state whether the Commission is satisfied as to the matters referred to in this subclause.
9 Information Requirements
(1) The Commission hereby requires Transpower to publicly disclose and publish on the Internet, no later than 30 September following each assessment date, a written statement that—
(a) confirms Transpower’s compliance, or otherwise, with each of the thresholds referred to in clause 4 for the assessment period ending on that assessment date, and includes evidence to this effect in the form of data, information, and calculations, that fully supports and explains the confirmation; and
(b) without limiting paragraph (a), states—
(i) the AC forecast revenue requirement, and HVDC forecast revenue requirement, for the assessment period separately, and also demonstrates that the AC or HVDC forecast revenue requirement has (or has not) been determined in a manner consistent with Schedule 1;
(ii) Transpower’s AC year end revenue requirement and HVDC year end revenue requirement for the assessment period separately, and also demonstrates that the AC or HVDC year end revenue requirement does not (or does) exceed an amount determined in a manner consistent with Schedule 1;
(iii) the actual AC revenue and HVDC revenue for the assessment period separately;
(iv) for the assessment period the ex post economic gain or loss (including details of how it is calculated) and the allocation applied to each of the customer accounts for AC customers and HVDC customers and Transpower, together with the annual movement in, and the opening and closing balances of, those customer accounts;
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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, Asset Management, Information Requirements, Compliance, Revenue Requirement