✨ Commerce Act Amendment Determination
1 NOVEMBER 2011 NEW ZEALAND GAZETTE, No. 167 4647
Commerce Act (Transpower Individual Price-Quality Path) Amendment Determination (No.1) 2011
Pursuant to Part 4 of the Commerce Act 1986, the Commerce Commission makes the following determination:
- Title
This determination is the Commerce Act (Transpower Individual Price-Quality Path) Amendment Determination (No.1) 2011.
- Commencement
This determination comes into force on 1 November 2011.
- Amendments
(1) This determination amends the Commerce Act (Transpower Individual Price-Quality) Determination 2010.
(2) Part 2 (Defined Terms) is amended by omitting “clause 5.3(3)(d)” from paragraph (d) of the definition of EV account entry and substituting “clause 5.3(4)(d)”.
(3) Subclause 4.3(2) is amended by omitting paragraph (a) and substituting:
“(a) the information specified in clauses 5.5(2)(a) to (c); and”.
(4) Subclause 4.3(3) is amended by omitting paragraph (a) and substituting:
“(a) the information specified in clauses 5.5(3)(a) to (c); and”.
(5) Subparagraph 5.3(4)(d)(ii) is amended by inserting “in aggregate for the regulatory period” after “minor capital expenditure”.
(6) Paragraph 5.5(2)(b) is amended by omitting “set out in” and substituting “specified in clauses”.
- Implementing Commission’s setting of the forecast MARs under the IPP
(1) Clause 3.3 is amended by omitting subclauses (1) through (3) and substituting:
“(1) The forecast MAR for the remainder period is:
“(a) for the pricing year from 1 April 2012 to 31 March 2013, $783.8 million;
“(b) for the pricing year from 1 April 2013 to 31 March 2014, $906.4 million; and
“(c) for the pricing year from 1 April 2014 to 31 March 2015, $958.9 million.”
(2) Clause 3.3 is amended by renumbering subclause (4) as subclause (2) and the reference to clause 3.3(3) is amended to “clause 3.3(1)”.
(3) Clause 4.2 is amended by omitting subclause (2) and substituting:
“(2) The quality targets for the disclosure years in the period from 1 July 2012 to 30 June 2015 are:
“(a) loss of supply event frequency:
“(i) maximum of 21 events >0.05 system minutes; and
“(ii) maximum of 3 events >1 system minute; and
“(b) HVAC circuit unavailability (unplanned): maximum of 0.054% unavailability; and
“(c) total impact of interruptions: maximum of 16.69 system minutes.”
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NZ Gazette 2011, No 167
✨ LLM interpretation of page content
🏭 Commerce Act (Transpower Individual Price-Quality Path) Amendment Determination (No.1) 2011
🏭 Trade, Customs & Industry1 November 2011
Commerce Act, Transpower, Price-Quality Path, Amendment, Determination
- Commerce Commission