1 MARCH 2012 NEW ZEALAND GAZETTE, No. 26 771

Authorities and Other Agencies of State Notices

Commerce Commission

Commerce Act 1986

Notice of Amendment of the Airport Information Disclosure Determination

Pursuant to section 52Q of Part 4 of the Commerce Act 1986 ("the Act"), the Commerce Commission ("the Commission") gives the following notice.

On 27 February 2012, the Commission made an amendment ("the Amendment") under section 52Q of the Act to the Commerce Act (Specified Airport Services Information Disclosure) Determination 2010, Decision 715 ("the Determination").

The majority of the changes are clarifications or drafting corrections.

The Amendment contains three major changes to the Determination:

(a) The Director’s certification requirements have been amended to make it clear that the disclosed information is required only to comply in all material respects with the Determination;

(b) The auditing requirements have been amended so that the audit report is required to be addressed to Directors, with the auditor acknowledging a duty of care to the Commission;

(c) The period between a price setting event and the required disclosure after a price setting event is increased from 20 to 40 working days.

The Amendment is effective on 1 March 2012.

Copies of the Amendment and the Determination are available for inspection free of charge at the Commission (during ordinary office hours), on the Commission’s website

www.comcom.govt.nz

or for purchase at a reasonable price at the Commission, 44 The Terrace, Wellington.

Dated at Wellington this 1st day of March 2012.

COMMERCE COMMISSION.

Explanatory Note

The Commerce Amendment Act 2008 introduced changes to the Commerce Act 1986 ("the Act"), including a requirement for the Commerce Commission to set information disclosure requirements for suppliers of specified airport services.

The information disclosure requirements were set out in Commerce Commission Decision 715 and took effect on 1 January 2011.

The information disclosure requirements must comply with the Commerce Act (Specified Airport Services Input Methodologies) Determination 2010.

Electricity Authority

Electricity Industry Act 2010

Notice of the Electricity Industry Participation (Temporary Grid Reconfiguration) Code Amendment 2012

1. Pursuant to section 38(3)(b) of the Electricity Industry Act 2010 ("Act"), the Electricity Authority ("Authority") gives notice of the making of the Electricity Industry Participation (Temporary Grid Reconfiguration) Code Amendment 2012.

2. The amendment is made urgently under section 40(1) of the Act. The amendment comes into force on 2 March 2012.

3. This amendment enables Transpower to temporarily remove interconnection assets from service or temporarily reconfigure the grid, in specified circumstances, where this results in a net benefit, to improve the operation of the electricity system.

4. The Authority considers that it is desirable to make the amendment urgently because:

(a) due to the ongoing dry conditions in the lower South Island, increasing amounts of electricity are flowing from the North Island across the HVDC link into the South Island to conserve hydro lake levels. However, various factors are combining to restrict southward power flow at various times, and these restrictions are likely to occur more frequently if hydro conditions in the South Island deteriorate materially over the coming months;

(b) the system operator has indicated that it is investigating temporary configurations that would allow increased southward power flow. A temporary grid reconfiguration could provide a significant benefit by enabling more southward flow, conserving hydro lake storage, and increasing security of supply; and

(c) a delay in making a Code amendment will increase the likelihood that the benefits of a removal or reconfiguration of interconnection assets will not be realised.

5. A copy of the amendment and the Code is available on the Electricity Authority’s website

www.ea.govt.nz/act-code-regs/code-regs/

6. A copy of the amendment and the Code may also be inspected free of charge or purchased from the Electricity Authority, Level 7, ASB Bank Tower, 2 Hunter Street, Wellington.

Dated at Wellington this 27th day of February 2012.

DR THOMAS BRENT LAYTON, Chairperson, Electricity Authority.