Powerlink must include first period adjustment in revenue proposal for second period
32 Powerlink must include first period adjustment in revenue proposal for second period
This section applies if—
Powerlink commences constructing the priority transmission investment during the first period; and
the AER accepts the directed forecast capital expenditure and directed forecast operating expenditure for the first period under section 30(3); and
the anticipated completion date for the investment occurs during the second period.
Powerlink must include any first period adjustment in the forecast capital expenditure stated in its revenue proposal for the second period.
For subsection (2), the first 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 as at the end of the first period.
directed PTI expenditure amount means forecast capital expenditure for the priority transmission investment for the first period stated in Powerlink’s revenue proposal under a requirement made under section 28.
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