sec.21Obligations of AER for third period if s 18 (3) applies

sec.21 Obligations of AER for third period if s 18 (3) applies

This section applies if, in accordance with a requirement included in the primary PTI allowance direction under section 18 (4) (d) , Powerlink includes in the application the forecast capital expenditure or forecast operating expenditure for the third period. Without limiting the matters the AER must publish for a draft decision under the National Electricity Rules, clause 6A.12.2, the AER must publish the amounts of the forecast capital expenditure and forecast operating expenditure that are attributable to the priority transmission investment to be accounted for in the revenue determination for the third period. The AER must, in relation to Powerlink’s revenue proposal for the third period— for the forecast capital expenditure included in the application under a requirement made under section 18 (4) (d) — ensure the expenditure is adjusted, under the post-tax revenue model and, if necessary, other economic regulatory models, to ensure the AER’s treatment of the expenditure is, to the extent practicable, consistent with the AER’s treatment of other amounts of forecast capital expenditure for the revenue proposal for the third period; and accept the expenditure, as adjusted under subparagraph (i) and any second period adjustment accepted under section 25 in its final decision for Powerlink’s transmission determination; and include the expenditure in the forecast capital expenditure in the revenue determination for Powerlink for the third period; and for the forecast operating expenditure included in the application under a requirement made under section 18 (4) (d) — ensure the expenditure is adjusted, under the post-tax revenue model and, if necessary, other economic regulatory models, to ensure the AER’s treatment of the expenditure is, to the extent practicable, consistent with the AER’s treatment of other amounts of forecast operating expenditure for the revenue proposal for the third period; and accept the expenditure, as adjusted under subparagraph (i) , in its final decision for Powerlink’s transmission determination; and include the expenditure in the forecast operating expenditure in the revenue determination for Powerlink for the third period. Each adjustment of forecast capital expenditure and forecast operating expenditure made under subsection (3) (a) (i) and (b)(i) must have regard to the requirements of any regulatory information instrument for a regulatory control period applying to Powerlink. The forecast operating expenditure mentioned in subsection (3) (b) (iii) is taken to be included as part of a building block in Powerlink’s annual building block revenue requirement for the third period, as if it had been accepted by the AER as mentioned in the National Electricity Rules, clause 6A.5.4(b)(6). s 21 ins 2024 SL No. 105 s 6 (sec.21-ssec.1) This section applies if, in accordance with a requirement included in the primary PTI allowance direction under section 18 (4) (d) , Powerlink includes in the application the forecast capital expenditure or forecast operating expenditure for the third period. (sec.21-ssec.2) Without limiting the matters the AER must publish for a draft decision under the National Electricity Rules, clause 6A.12.2, the AER must publish the amounts of the forecast capital expenditure and forecast operating expenditure that are attributable to the priority transmission investment to be accounted for in the revenue determination for the third period. (sec.21-ssec.3) The AER must, in relation to Powerlink’s revenue proposal for the third period— for the forecast capital expenditure included in the application under a requirement made under section 18 (4) (d) — ensure the expenditure is adjusted, under the post-tax revenue model and, if necessary, other economic regulatory models, to ensure the AER’s treatment of the expenditure is, to the extent practicable, consistent with the AER’s treatment of other amounts of forecast capital expenditure for the revenue proposal for the third period; and accept the expenditure, as adjusted under subparagraph (i) and any second period adjustment accepted under section 25 in its final decision for Powerlink’s transmission determination; and include the expenditure in the forecast capital expenditure in the revenue determination for Powerlink for the third period; and for the forecast operating expenditure included in the application under a requirement made under section 18 (4) (d) — ensure the expenditure is adjusted, under the post-tax revenue model and, if necessary, other economic regulatory models, to ensure the AER’s treatment of the expenditure is, to the extent practicable, consistent with the AER’s treatment of other amounts of forecast operating expenditure for the revenue proposal for the third period; and accept the expenditure, as adjusted under subparagraph (i) , in its final decision for Powerlink’s transmission determination; and include the expenditure in the forecast operating expenditure in the revenue determination for Powerlink for the third period. (sec.21-ssec.4) Each adjustment of forecast capital expenditure and forecast operating expenditure made under subsection (3) (a) (i) and (b)(i) must have regard to the requirements of any regulatory information instrument for a regulatory control period applying to Powerlink. (sec.21-ssec.5) The forecast operating expenditure mentioned in subsection (3) (b) (iii) is taken to be included as part of a building block in Powerlink’s annual building block revenue requirement for the third period, as if it had been accepted by the AER as mentioned in the National Electricity Rules, clause 6A.5.4(b)(6).