sec.18Primary PTI allowance direction—first, second and third periods

sec.18 Primary PTI allowance direction—first, second and third periods

The primary PTI allowance direction may require Powerlink to apply to the AER for an amendment of Powerlink’s revenue determination for the first period. If the anticipated completion date for the investment occurs in the regulatory control period immediately following the first period (the second period ), the primary PTI allowance direction may require Powerlink to include in the application stated amounts relating to the investment in its revenue proposal for the second period. If the anticipated completion date for the investment occurs in the regulatory control period immediately following the second period (the third period ), the direction may require Powerlink to include in the application stated amounts relating to the investment in its revenue proposal for the second period and third period. The primary PTI allowance direction may require the application to the AER to state— the forecast of the total capital expenditure for the investment stated in the direction (the directed forecast capital expenditure ); and the forecast of the capital expenditure and incremental operating expenditure for the investment stated in the direction for each remaining regulatory year of the first period; and the forecast of the capital expenditure and incremental operating expenditure for the investment stated in the direction for each regulatory year of the second period; and the forecast of the capital expenditure and incremental operating expenditure for the investment stated in the direction for each regulatory year of the third period; and the date Powerlink commenced constructing, or the anticipated start date of, the investment; and the anticipated completion date for the investment; and an estimate of the incremental revenue Powerlink considers is likely to be required to be earned by Powerlink in each remaining regulatory year of the first period as a result of the construction of the investment. If Powerlink makes an application in accordance with the primary PTI allowance direction under this section, Powerlink must give the AER any further documents or information the AER reasonably requires to deal with the application in the form required by the AER. s 18 ins 2024 SL No. 105 s 6 (sec.18-ssec.1) The primary PTI allowance direction may require Powerlink to apply to the AER for an amendment of Powerlink’s revenue determination for the first period. (sec.18-ssec.2) If the anticipated completion date for the investment occurs in the regulatory control period immediately following the first period (the second period ), the primary PTI allowance direction may require Powerlink to include in the application stated amounts relating to the investment in its revenue proposal for the second period. (sec.18-ssec.3) If the anticipated completion date for the investment occurs in the regulatory control period immediately following the second period (the third period ), the direction may require Powerlink to include in the application stated amounts relating to the investment in its revenue proposal for the second period and third period. (sec.18-ssec.4) The primary PTI allowance direction may require the application to the AER to state— the forecast of the total capital expenditure for the investment stated in the direction (the directed forecast capital expenditure ); and the forecast of the capital expenditure and incremental operating expenditure for the investment stated in the direction for each remaining regulatory year of the first period; and the forecast of the capital expenditure and incremental operating expenditure for the investment stated in the direction for each regulatory year of the second period; and the forecast of the capital expenditure and incremental operating expenditure for the investment stated in the direction for each regulatory year of the third period; and the date Powerlink commenced constructing, or the anticipated start date of, the investment; and the anticipated completion date for the investment; and an estimate of the incremental revenue Powerlink considers is likely to be required to be earned by Powerlink in each remaining regulatory year of the first period as a result of the construction of the investment. (sec.18-ssec.5) If Powerlink makes an application in accordance with the primary PTI allowance direction under this section, Powerlink must give the AER any further documents or information the AER reasonably requires to deal with the application in the form required by the AER.