31Maximum capital costs amount for authorised REZ network infrastructure projects

31 Maximum capital costs amount for authorised REZ network infrastructure projects

31 Maximum capital costs amount for authorised REZ network infrastructure projects

(1) For each authorised REZ network infrastructure project, the consumer trustee must, by written notice to the regulator, set a maximum amount for the prudent, efficient and reasonable capital costs for development and construction of the project.

(2) If the infrastructure planner asks, under section 30(2B)(b), the consumer trustee to amend the maximum capital costs amount, the consumer trustee must decide to—

(a) amend, by written notice to the regulator, the maximum capital costs amount, or

(b) refuse to amend the maximum capital costs amount.

(3) In deciding whether to amend the maximum capital costs amount under subsection (2), the consumer trustee must have regard to any relevant amendments authorised by the consumer trustee under section 30AA(2)(a).

(4) The consumer trustee must—

(a) give the Minister written notice of the maximum capital costs amount as soon as practicable after giving written notice of the amount to the regulator under subsection (1), and

(b) give the Minister written notice of an amended maximum capital costs amount as soon as practicable after giving written notice of the amended amount to the regulator under subsection (2).

(5) The consumer trustee must not disclose the maximum capital costs amount to any person other than—

(a) the regulator under subsection (1) or (2), or

(b) the Minister under subsection (4).

(6) The regulator must not disclose the maximum capital costs amount to any person.

(7) The Minister may, by written notice (a Ministerial disclosure notice), disclose the maximum capital costs amount to a person (a recipient) at any time.

(8) The Minister may disclose the maximum capital costs amount under subsection (7) subject to conditions relating to the further disclosure and confidentiality of the maximum capital costs amount, including conditions—

(a) authorising a recipient to disclose the maximum capital costs amount to a specified person or class of persons, or