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New Zealand Gazette – 2008 – No. 186

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✨ Financial Statements

28 NOVEMBER 2008

NEW ZEALAND GAZETTE, No. 186

4871

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

2. Operating Revenue

| | LINES BUSINESS |
| :--- | :--- | :--- |
| | 2008 | 2007 |
| | $000 | $000 |
| Transmission revenue | | |
| HVAC interconnection | 418,208 | 437,802 |
| HVAC connection | 103,464 | 105,879 |
| HVDC | 87,952 | 83,558 |
| EV (rebate) charge - HVAC | (45,766) | (52,815) |
| EV (rebate) charge - HVDC | 8,556 | 8,307 |
| Other rebate - HVAC | - | (49,425) |
| Other rebate - HVDC | (7,697) | (18,004) |
| New investment agreements | 19,321 | 17,438 |
| Other | 9,846 | 6,740 |
| Total revenue | 593,884 | 539,480 |

Transmission Revenue

Transmission revenue consists of charges for the transmission of electricity from the point of generation to the point of supply, being HVAC interconnection, connection and HVDC.

Transpower operates its revenue setting methodology within an Economic Value ("EV") framework that analyses economic gains and losses between those attributable to shareholders and those attributable to customers. The balance of the accumulated gain (loss) from monopoly activities attributable to customers ("the EV balance") is passed on to or claimed from customers over time as EV (rebates) or charges.

Other rebates consist of credit notes issued as part of the Administrative Settlement process with the Commerce Commission and a credit adjustment for the HVDC Pole 1 assets.

New investment agreements are contracts entered into with customers to build grid connection assets.

Electricity regulations additional disclosures:

	2008	2007
Revenue provided to Lines Business from Other Transpower Businessses	261	257
Revenue - Electricity loss rental rebates	133,675	45,448
Expense - Electricity loss rental rebates	(133,675)	(45,448)
Electricity loss rental rebates not passed through to customers	-	-

Gazette.govt.nz — NZ Gazette 2008, No 186

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✨ LLM interpretation of page content

🏭 Transpower New Zealand Limited Lines Business Financial Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Operating Revenue, Transmission Revenue, Electricity Regulations

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