New Zealand Gazette – 2012 – No. 140

Page 4084

✨ Financial Statements

4084 NEW ZEALAND GAZETTE, No. 140 23 NOVEMBER 2012

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

2. Operating revenue

LINES BUSINESS	2012	2011
	$M	$M

Transmission revenue

HVAC interconnection | 512.7 | 464.8 |
HVAC connection | 121.0 | 124.0 |
EV (rebate) charge - HVAC | (40.8)| (42.8)|
HVDC | 78.9 | 75.5 |
EV (rebate) charge - HVDC | 16.8 | 9.4 |
Customer investment contracts | 26.2 | 26.6 |
Other transmission | 10.4 | 17.8 |
Total transmission revenue | 725.2 | 675.3 |

Non transmission revenue

Insurance claim revenue | 3.5 | - |

Total operating revenue | 728.7 | 675.3 |

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.

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

Other transmission revenue was higher in 2011 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	2012	2011
	$M	$M

Revenue provided to Lines Business from other Transpower businesses | - | - |
Revenue - electricity loss rental rebates | 100.2 | 75.5 |
Expense - electricity loss rental rebates | (100.2) | (75.5) |
Electricity loss rental rebates not passed through to customers | - | - |

Gazette.govt.nz — NZ Gazette 2012, No 140

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✨ LLM interpretation of page content

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

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

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