54CMaking a declaration

54C Making a declaration

54C Making a declaration

(1) The Minister may make a cost recovery declaration—

(a) on the Minister’s own initiative, or

(b) on the application of a relevant person for the declaration.

(2) Before making a cost recovery declaration, the Minister must consider the following—

(a) the costs and savings, if the declaration is made, for—

(i) the eligible network operator to whom the declaration is proposed to apply, and

(ii) the regulator, and

(iii) the scheme financial vehicle,

(b) the impact of the declaration on the financial interests of electricity customers in the NSW region,

(c) anything else the Minister considers relevant.

(3) Before making a cost recovery declaration, the Minister must—

(a) consult with each relevant person for the declaration, and

(b) get the written consent of the eligible network operator.

(4) The cost recovery declaration must be published in the Gazette.

(5) In this clause—

relevant person, for a declaration, means the following—

(a) the eligible network operator to whom the declaration is proposed to apply,

(b) the regulator,

(c) the infrastructure planner,

(d) the consumer trustee.

cl 54C: Ins 2022 (786), Sch 1[2].