sec.29Primary PTI allowance direction—second period

sec.29 Primary PTI allowance direction—second period

If the primary PTI allowance direction states an anticipated completion date for the priority transmission investment that occurs during the regulatory control period immediately following the first period (the second period ), the primary PTI allowance direction may also require Powerlink to— include in the forecast capital expenditure stated in its revenue proposal for the second period the forecast capital expenditure the responsible Ministers are satisfied is required in relation to the priority transmission investment in the second period (the directed forecast capital expenditure ); and include in the forecast operating expenditure stated in its revenue proposal for the second period the forecast operating expenditure the responsible Ministers are satisfied is required to operate the priority transmission investment in the second period (the directed forecast operating expenditure ). Powerlink must comply with a requirement mentioned in subsection (1) included in a primary PTI allowance direction— whether or not the directed forecast capital expenditure meets the capital expenditure objectives; and whether or not the directed forecast operating expenditure meets the operating expenditure objectives. s 29 ins 2024 SL No. 105 s 6 (sec.29-ssec.1) If the primary PTI allowance direction states an anticipated completion date for the priority transmission investment that occurs during the regulatory control period immediately following the first period (the second period ), the primary PTI allowance direction may also require Powerlink to— include in the forecast capital expenditure stated in its revenue proposal for the second period the forecast capital expenditure the responsible Ministers are satisfied is required in relation to the priority transmission investment in the second period (the directed forecast capital expenditure ); and include in the forecast operating expenditure stated in its revenue proposal for the second period the forecast operating expenditure the responsible Ministers are satisfied is required to operate the priority transmission investment in the second period (the directed forecast operating expenditure ). (sec.29-ssec.2) Powerlink must comply with a requirement mentioned in subsection (1) included in a primary PTI allowance direction— whether or not the directed forecast capital expenditure meets the capital expenditure objectives; and whether or not the directed forecast operating expenditure meets the operating expenditure objectives.

• (a) include in the forecast capital expenditure stated in its revenue proposal for the second period the forecast capital expenditure the responsible Ministers are satisfied is required in relation to the priority transmission investment in the second period (the directed forecast capital expenditure ); and
• (b) include in the forecast operating expenditure stated in its revenue proposal for the second period the forecast operating expenditure the responsible Ministers are satisfied is required to operate the priority transmission investment in the second period (the directed forecast operating expenditure ).