84Clause S6.2.3A inserted

84 Clause S6.2.3A inserted After clause S6.2.3 S6.2.3A Establishment of opening regulatory asset base for distribution system in this jurisdiction for 1st regulatory control period (a) Application of this clause This clause applies to the establishment of the value of the regulatory asset base for a distribution system in this jurisdiction as at the beginning of the 1st regulatory control period. (b) Roll forward model to comply with this clause The values to be used for completing the roll forward model must be established in accordance with this clause. (c) Previous value of regulatory asset base for distribution system in this jurisdiction For paragraph (d), the previous value of the regulatory asset base for all distribution systems in this jurisdiction that are owned, controlled or operated by the Distribution Network Service Provider mentioned in the table below is as set out in the table: Jurisdiction Distribution Network Service Provider Regulatory Asset Base ($m) Northern Territory Power and Water Corporation ABN 15 947 352 360 860.65 (as at 1 July 2014 in July 2014 dollars)

Regulations 2016 96 (d) Method of adjustment of value of regulatory asset base The value of the regulatory asset base for the distribution systems mentioned in paragraph (c) as at the beginning of the first regulatory year of the 1st regulatory control period must be calculated by adjusting the previous value (the previous value) of the regulatory asset base for the distribution systems as specified in paragraph (c) as follows: (1) The previous value of the regulatory asset base must be: (i) increased by the amount of all capital expenditure incurred during the 2014-19 NT regulatory control period (the previous control period), including any capital expenditure determined for that period under clause 3.2.4(d)(i)(A) of Part B of the 2014 NT Network Price Determination where the Determination has been amended under clause 3.2.4(d)(iii) of the Determination (regardless of whether such capital expenditure is above or below the forecast capital expenditure for the period that is adopted for the purposes of the Determination (if any) for that period); and (ii) reduced by the amount of any capital expenditure that has been recovered by way of a pass through under clause 3.1 of Part B of the 2014 NT Network Price Determination where the amount of that capital expenditure would otherwise have been included in the value of the regulatory asset base. (2) The previous value of the regulatory asset base must be increased by the amount of the estimated capital expenditure approved by the Utilities Commission or AER for any part of the previous control period for which actual capital expenditure is not available. (3) The previous value of the regulatory asset base must be adjusted for the difference between: (i) the estimated capital expenditure for any part of the 2009-14 NT regulatory control period or 2014-19 NT regulatory control period where that estimated capital expenditure has been included in that value; and (ii) the actual capital expenditure for that part of the 2009-14 NT regulatory control period or 2014-19 NT regulatory control period.