sec.46Cost of replacement of PL major gas infrastructure— Act , s 163

sec.46 Cost of replacement of PL major gas infrastructure— Act , s 163

For section 163 (2) of the Act , the cost of replacement of PL major gas infrastructure must be calculated in the following way and consistent with the following principles— the cost is limited to PL major gas infrastructure located in an IMA or RMA for the overlapping area; the cost is based on the cost of PL major gas infrastructure that is of the same standard and specification as the PL major gas infrastructure required to be replaced as at the date the PL major gas infrastructure is required to be replaced; if PL major gas infrastructure of the standard and specification mentioned in paragraph (b) is not available, whether for practical or regulatory reasons, the cost includes any reasonable cost attributable to the lack of availability; if the PL holder chooses to replace PL major gas infrastructure with infrastructure of an additional capacity or different specification to the PL major gas infrastructure required to be replaced, the cost excludes any cost attributable to the additional capacity or different specification; the cost includes the cost of removal and relocation of the PL major gas infrastructure; the cost is fair and reasonable; the cost is supported by documentary evidence.

• (a) the cost is limited to PL major gas infrastructure located in an IMA or RMA for the overlapping area;
• (b) the cost is based on the cost of PL major gas infrastructure that is of the same standard and specification as the PL major gas infrastructure required to be replaced as at the date the PL major gas infrastructure is required to be replaced;
• (c) if PL major gas infrastructure of the standard and specification mentioned in paragraph (b) is not available, whether for practical or regulatory reasons, the cost includes any reasonable cost attributable to the lack of availability;
• (d) if the PL holder chooses to replace PL major gas infrastructure with infrastructure of an additional capacity or different specification to the PL major gas infrastructure required to be replaced, the cost excludes any cost attributable to the additional capacity or different specification;
• (e) the cost includes the cost of removal and relocation of the PL major gas infrastructure;
• (f) the cost is fair and reasonable;
• (g) the cost is supported by documentary evidence.