Energy (Infrastructure Facilitation) Regulation 2024

This section applies if the responsible Ministers give Powerlink a primary PTI allowance direction about a priority transmission investment.

The responsible Ministers must, at the same time, give Powerlink a direction about Powerlink’s regulatory asset base (a regulatory asset base allocation direction) that requires Powerlink—

to apply to the AER to include all, or 1 or more stated parts, of the directed forecast capital expenditure under the following sections in the value of Powerlink’s regulatory asset base—

section 18(4)(a);

section 28(1)(a);

section 29(1)(a); and

to include that expenditure in the value of Powerlink’s regulatory asset base from the beginning of 1 or more regulatory years in 1 or more of Powerlink’s regulatory control periods; and

to apply to the AER to attribute a stated value or values of assets comprising the priority transmission investment for inclusion in the value of Powerlink’s regulatory asset base from the beginning of each regulatory year for which expenditure is included under paragraph (b).

However—

if section 18(4)(a) applies in relation to the primary PTI allowance direction, the regulatory asset base allocation direction must not relate to a regulatory year starting before the regulatory year during which the amendment of the revenue determination takes effect under section 19(3); and

otherwise, the regulatory asset base allocation direction must not relate to a regulatory year starting earlier than the second regulatory year of the regulatory control period to which the direction relates.

In making an application in compliance with the regulatory asset base allocation direction, Powerlink must include a copy of the direction with the application.