24Final report

24 Final report

The final report in relation to a compliance investigation for the purposes of regulation 22 is to set out –

(a) a summary of the information obtained by the Regulator during the investigation; and

(b) whether the Regulator is of the opinion that there has been a significant, deliberate or repeated failure by the Hydro-Electric Corporation to correctly apply the approved methodology in the calculation of prices to be applied in contracts to which section 43M(1) of the Act applies; and

(c) if the Regulator is of the opinion that there has been a significant, deliberate or repeated failure by the Hydro-Electric Corporation to correctly apply the approved methodology in the calculation of prices to be applied in contracts to which section 43M of the Act applies – the decision of the Regulator as to whether (and on what terms) to make an approval under section 43M(1) of the Act.