New Zealand Gazette – 2011 – No. 184

Page 5316

✨ Financial Statements

NEW ZEALAND GAZETTE, No. 184

28 NOVEMBER 2011

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

2. Operating revenue

	LINES BUSINESS
	2011	2010
	$M	$M

Transmission revenue
HVAC interconnection | 464.8 | 440.4 |
HVAC connection | 124.0 | 132.2 |
EV (rebate) charge - HVAC| (42.8) | (31.9) |
HVDC | 84.9 | 80.0 |
New investment agreements| 26.6 | 25.0 |
Other | 17.8 | 7.7 |
Total transmission revenue | 675.3 | 653.4 |

Non transmission revenue
Insurance claim revenue | - | 3.3 |

Total operating revenue | 675.3 | 656.7 |

Transmission revenue

Transmission revenue consists of charges for the transmission of electricity from the point of generation to the point of supply, being high voltage alternating current (HVAC) interconnection, connection and high voltage direct current (HVDC).

The Lines Business 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 regulated transmission activities attributable to customers ("the EV balance") is passed on to or claimed from customers over time as EV (rebates) or charges.

New investment agreements are contracts entered into with customers to build grid connection assets. These agreements are also known as customer investment contracts.

Other transmission revenue increased significantly due to the sale of copper from the dismantling of the old transmission line on the North Island Grid Upgrade (NIGU) route.

Electricity regulations additional disclosures:

	LINES BUSINESS
	2011	2010
	$M	$M

Revenue provided to Lines Business from other Transpower businesses | - | - |
Revenue - electricity loss rental rebates | 75.5 | 82.2 |
Expense - electricity loss rental rebates | (75.5) | (82.2) |
Electricity loss rental rebates not passed through to customers | - | - |

Gazette.govt.nz — NZ Gazette 2011, No 184

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✨ LLM interpretation of page content

💰 Cash Flow Statement for Transpower New Zealand Limited (continued from previous page)

Domain💰 Finance & Revenue
KeywordsCash Flow, Financial Statements, Transpower, Lines Business

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