New Zealand Gazette – 2009 – No. 172

Page 4165

✨ Transpower Financial Report

27 NOVEMBER 2009 NEW ZEALAND GAZETTE, No. 172 4165

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

2. Operating Revenue

	LINES BUSINESS
	2009	2008
	$'000	$'000

Transmission revenue
HVAC interconnection | 416,694 | 418,208 |
HVAC connection | 131,471 | 103,464 |
HVDC | 74,822 | 87,952 |
EV (rebate) charge - HVAC| (31,115) | (45,766) |
EV (rebate) charge - HVDC| (2,055) | 8,556 |
Other rebate - HVAC | - | (7,697) |
Other rebate - HVDC | - | - |
New investment agreements| 23,387 | 19,321 |
Other | 8,036 | 9,846 |
Total revenue | 629,880 | 593,884 |

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:

Revenue provided to Lines Business from Other Transpower Businesses
| | 2009 | 2008 |
|-----------------------|-------|-------|
| | 285 | 261 |

Revenue - Electricity loss rental rebates | 169,388 | 133,675 |
Expense - Electricity loss rental rebates | (169,388) | (133,675) |
Electricity loss rental rebates not passed through to customers | - | - |

Gazette.govt.nz — NZ Gazette 2009, No 172

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🏭 Transpower New Zealand Limited Operating Revenue (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsOperating Revenue, Transmission Revenue, HVAC, HVDC, Rebates, Investment Agreements

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