Powerlink must include second period adjustment if anticipated completion date occurs in third regulatory period
24 Powerlink must include second period adjustment if anticipated completion date occurs in third regulatory period
This section applies if—
the AER amends Powerlink’s revenue determination for the first period under section 19(2) and makes a revenue determination for the second period under section 20(3); and
the anticipated completion date for the investment is during the third period.
Powerlink must include any second period adjustment in the forecast capital expenditure stated in its revenue proposal for the third period.
For subsection (2), the second period adjustment is the amount calculated by subtracting the actual PTI expenditure amount from the directed PTI expenditure amount.
In this section—
actual PTI expenditure amount means the total capital expenditure actually incurred or, if that amount is not known, the capital expenditure estimated to have been incurred, for the priority transmission investment during the second period.
directed PTI expenditure amount means the forecast capital expenditure for the priority transmission investment for the second period stated in Powerlink’s application under a requirement made under section 18(4)(c).
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