✨ Regulatory Amendments
4648 NEW ZEALAND GAZETTE, No. 167 1 NOVEMBER 2011
(4) Clause 5.2 is amended by omitting subclause (7) and substituting:
“(7) MAR for the purposes of the calculation of the ex-post economic gain or loss:
“(a) using applicable input methodologies; and
“(b) using as the operating expenditure allowance:
“(i) for the disclosure year from 1 July 2011 to 30 June 2012, $248.5 million; and
“(ii) for the disclosure year from 1 July 2012 to 30 June 2013, $279.8 million; and
“(iii) for the disclosure year from 1 July 2013 to 30 June 2014, $281.2 million; and
“(iv) for the disclosure year from 1 July 2014 to 30 June 2015, $287.9 million; and
“(c) excluding pass-through costs and recoverable costs; and
“(d) using minor capital expenditure that is commissioned in the disclosure year, being the actual cost of minor capital expenditure in the disclosure year, and subject to the limitation that minor capital expenditure in aggregate for all MAR calculations in the regulatory period may not exceed the amount specified in clause 5.3(6).”
(5) Clause 5.3 is amended by inserting new subclause (6):
“(6) The approved minor capital expenditure for the purposes of clauses 5.2(7), 5.3(4) and 5.3(5) is the aggregate of the following amounts:
“(a) for the disclosure year from 1 July 2011 to 30 June 2012, $208.6 million; and
“(b) for the disclosure year from 1 July 2012 to 30 June 2013, $301.9 million; and
“(c) for the disclosure year from 1 July 2013 to 30 June 2014, $244.9 million; and
“(d) for the disclosure year from 1 July 2014 to 30 June 2015, $278.4 million.”
(6) Clause 5.4 is amended by inserting new paragraphs (c) and (d):
“(c) for each update under subclause (a), use as the operating expenditure allowance:
“(i) for the pricing year from 1 April 2013 to 31 March 2014, $281.2 million; and
“(ii) for the pricing year from 1 April 2014 to 31 March 2015, $287.9 million; and
“(d) for each update under subclause (a), use for each relevant pricing year the approved minor capital expenditure:
“(i) for the disclosure year from 1 July 2011 to 30 June 2012, $208.6 million; and
“(ii) for the disclosure year from 1 July 2012 to 30 June 2013, $301.9 million; and
“(iii) for the disclosure year from 1 July 2013 to 30 June 2014, $244.9 million; and
“(iv) for the disclosure year from 1 July 2014 to 30 June 2015, $278.4 million.”
(7) Clause 5.6 is amended by inserting new subclause (3):
“(3) Disclosure years in the period 1 July 2012 to 30 June 2015:
“(a) the impact that Transpower’s actual performance would have had on Transpower’s forecast MAR under the quality incentive mechanism outlined in clause 5.6(2)(b), had that quality incentive mechanism applied to Transpower’s forecast MAR in the relevant pricing year;
“(b) Transpower must use the targets, caps, collars and weightings for each quality measure as set out in the following table:
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NZ Gazette 2011, No 167
✨ LLM interpretation of page content
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Commerce Act (Transpower Individual Price-Quality Path) Amendment Determination (No.1) 2011
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🏭 Trade, Customs & Industry1 November 2011
Commerce Act, Transpower, Price-Quality Path, Amendment, Determination, Operating Expenditure, Minor Capital Expenditure, Disclosure Year