✨ Commerce Act (Transpower Thresholds) Notice 2008
27 JUNE 2008 NEW ZEALAND GAZETTE, No. 106 2813
(c) subject to subclause (3), accumulated in the customer accounts from year to year.
(2) All ex-post economic gains or losses are to be allocated to the relevant customer or Transpower account at the end of the assessment period concerned.
(3) All insurance income received by Transpower for an insurance event is to be credited to the relevant customer account.
(4) The EV adjustment to be used in the AC or HVDC forecast revenue requirement for an assessment period is to be calculated in accordance with the following formula:
1/3 [A + B + C]
where—
A is the total customer account balance at 30 June, nine months prior to the commencement of the relevant pricing year
B is the expected ex-post economic gain or loss for the assessment period, three months after the commencement of the relevant pricing year
C is the expected ex-post economic gain or loss for the assessment period, fifteen months after the commencement of the relevant pricing year
provided that—
(a) the amount of any EV adjustment that results in an increase in recovery of AC revenue from AC customers or HVDC revenue from HVDC customers, will not exceed 10% of the AC or HVDC forecast revenue requirement prior to the adjustment being made; and
(b) if A + B + C is less than $20 million, an EV adjustment may, but is not required to, be made.
(5) Interest at WACC is to be calculated on the opening balance of the customer accounts in the assessment period and credited to the customer accounts as at 30 June in each year.
(6) The balance of the existing customer accounts for AC customers and HVDC customers as at 30 June 2008 is to be carried forward and form the opening balance as at 1 July 2008 for each of the customer accounts for the purposes of the transmission (revenue requirement) threshold.
10 Cross border leases
Transpower is to retain the benefits of any future cross-border leases and structured finance arrangements that it undertakes and is also to assume the costs of developing such agreements whether or not final agreements are concluded.
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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 & Industry27 June 2008
Commerce Act, Transpower, Thresholds, Notice, 2008, Asset Management, Information Requirements, Compliance, Revenue Requirement