Supporting Documents
Gas Authorisation - Further Opportunity for Submissions on Asset Valuation and Process Update
(5 documents)
- Authorisation for the Control of Supply of Natural Gas Distribution Services by Vector Ltd and Powerco Ltd - Further Opportunity for Submissions on Asset Valuation and Update on the Authorisation - 10 July 2008 Adobe Acrobat PDF (39 KB) (opens in a new window)
- The purpose of this memorandum is to:
- notify interested parties of a further opportunity to make submissions to the Commission on matters relating to setting the initial opening regulatory asset base for the Authorisation for the Control of Supply of Natural Gas Distribution Services by Vector Ltd and Powerco Ltd (Authorisation); and
- provide an update on other matters relating to the Authorisation. - Nova Gas - Authorisation for the Control of Supply of Natural Gas Distribution Services by Vector Ltd and Powerco Ltd - 11 August 2008 Adobe Acrobat PDF (141 KB) (opens in a new window)
- Powerco - Further Submission on Asset Valuation - 24 July 2008 Adobe Acrobat PDF (150 KB) (opens in a new window)
- Unison - Authorisation for the Control of Supply of Natural Gas Distribution Services by Vector Ltd and Powerco Ltd (Authorisation) - Further Opportunity for Submission on Asset Valuation and Update on the Authorisation - 24 July 2008 Adobe Acrobat PDF (153 KB) (opens in a new window)
- Vector - Gas Final Authorisation - Further Consultation on Asset Valuation - 25 July 2008 Adobe Acrobat PDF (139 KB) (opens in a new window)
Replacement Costs and Revised Asset Valuation Methodology
(4 documents)
- Authorisation for the Supply of Natural Gas Distribution Services by Powerco and Vector - Valuation of the Opening Regulatory Asset Base: Replacement Costs and Allowable Multipliers - Decisions Paper - 15 February 2007 Adobe Acrobat PDF (296 KB) (opens in a new window)
- The Commission is in the process of determining the final authorisation (the Authorisation) for the control of natural gas distribution services provided by Vector Ltd (Vector) and Powerco Ltd (Powerco) - the Gas Pipeline Businesses (GPBs). An important step in this process is the determination of appropriate Regulatory Asset Base (RAB) valuations for the GPBs’ assets employed in providing the controlled line function services and the controlled metering services (the controlled services).
- Decisions Paper - Appendix C - Meyrick Report - Indexation of Gas Distribution Asset Replacement Unit Rates - 11 December 2006 Adobe Acrobat PDF (89 KB) (opens in a new window)
- Parsons Brinckerhoff - Gas Control - Replacement Costs - Submissions Review and Revised Unit Costs Report - 4 February 2007 Adobe Acrobat PDF (519 KB) (opens in a new window)
- Authorisation for the Supply of Natural Gas Distribution Services by Powerco and Vector - Valuation of the Opening Regulatory Asset Base Methodology - 15 February 2007 Adobe Acrobat PDF (297 KB) (opens in a new window)
- This document describing a valuation methodology (the Valuation Methodology) has been published by the Commerce Commission (the Commission) in relation to the Commerce (Control of Natural Gas Services) Order 2005, dated 25 July 2005. The Order controlled, in accordance with the Commerce Act 1986, the certain services of Powerco Ltd (Powerco) and Vector Ltd (Vector) (the Controlled Services).
Submissions on Asset Lives for Services, Spares & Meters
(4 documents)
- Contact Energy - Invitation for Submissions - 2 February 2007 Adobe Acrobat PDF (55 KB) (opens in a new window)
- Powerco - Submission on PBA Report - Gas Control - Powerco and Vector - Asset Lives for Services, Spares and Meters and Correction of Asset Life for some Meters - 1 February 2007 Adobe Acrobat PDF (67 KB) (opens in a new window)
- Vector - Submission on PBA Report: Gas Control - Powerco and Vector - Asset Lives for Services, Spares and Meters and Correction of Asset Life for some Meters - 2 February 2007 Adobe Acrobat PDF (35 KB) (opens in a new window)
- Wanganui Gas - Gas Control - Powerco Limited and Vector Limited: Submission on Asset Lives for Services, Spares and Meters and Correction of Asset Life for some Meters - 2 February 2007 Adobe Acrobat PDF (76 KB) (opens in a new window)
Invitation for Submissions on the PBA Report - Asset Lives for Services, Spares & Meters and Correction of Asset Life for Some Meters
(1 document)
- Gas Control - Powerco and Vector - Invitation for Submissions on PBA Report: Gas Control - Powerco and Vector - Asset Lives for Services, Spares and Meters and Correction of Asset Life for Some Meters Adobe Acrobat PDF (51 KB) (opens in a new window)
- The purpose of this memorandum is to invite submissions on the asset lives that should be used for the valuation purposes for services1, spares and meter sets.
Submissions on the PBA Detailed Replacement Cost Calculation
(8 documents)
- To Powerco - Gas Control: Replacement Costs Submission - 6 December 2006 Adobe Acrobat PDF (119 KB) (opens in a new window)
- Thank you for Powerco's Submission on the PBA Report - Gas Control - Powerco and Vectorr - Asset Replacement Costs - Calculation of Unit Rates (the 'PBA Report') which was due on 4 December (extended from 1 December in response to Powerco and Vector's request for an extension). The Commission would like to respond to various statements made in Powerco's submission.
- Powerco - Further Submission on PBA Report Gas Control - Powerco and Vector - Asset Replacement Costs - Calculation of Units Rates - 4 December 2006 Adobe Acrobat PDF (41 KB) (opens in a new window)
- Vector - Gas Control Authorisation - Submission on the PBA Report on Asset Replacement Costs - Calculation of Unit Rates - 4 December 2006 Adobe Acrobat PDF (131 KB) (opens in a new window)
- Vector - Appendix B Part A - Submission on PBA Report - Detailed Replacement Cost Calculation Adobe Acrobat PDF (3.3 MB) (opens in a new window)
- Vector - Appendix B Part B - Submission on PBA Report - Detailed Replacement Cost Calculation Adobe Acrobat PDF (3.4 MB) (opens in a new window)
- Vector - Appendix C - Submission on PBA Report - Detailed Replacement Cost Calculation Adobe Acrobat PDF (3.8 MB) (opens in a new window)
- MP Pipeline Costing Spreadsheet Microsoft Excel Spreadsheet (151 KB) (opens in a new window)
- Wanganui Gas - Gas Control - Powerco Limited and Vector Limited: Submission on PBA Report on Asset Replacement Costs - Calculation of Unit Rates - 1 December 2006 Adobe Acrobat PDF (68 KB) (opens in a new window)
Invitations for Submissions on PBA Detailed Replacement Cost Calculation
(3 documents)
- Gas Control - Powerco and Vector - Invitation for Submissions on PBA Report: Gas Control - Powerco and Vector - Asset Replacement Costs - Calculation of Unit Rates Adobe Acrobat PDF (47 KB) (opens in a new window)
- The purpose of this memorandum is to invite submissions on a Parsons Brinckerhoff Associates (PBA) report1 - Gas Control – Powerco and Vector – Asset Replacement Costs – Calculation of Unit Rates (the PBA Replacement Cost Calculation Report) and a PBA spreadsheet that sets out PBA’s detailed workings in developing the replacement cost unit rates proposed in the PBA report - Gas Control – Powerco and Vector – Asset Lives and Replacement Costs2 (the PBA Replacement Cost Report).\
- Parsons Brinckerhoff - Gas Control - Powerco and Vector - Asset Replacement Costs - Calculation of Unit Rates - 7 November 2006 Adobe Acrobat PDF (67 KB) (opens in a new window)
- Calculation of Replacement Costs Spreadsheet Microsoft Excel Spreadsheet (146 KB) (opens in a new window)
Submissions on the PBA Replacement Cost and Asset Lives Report
(3 documents)
- Powerco - Submission on PBA Replacement Costs Report - 13 October 2006 Adobe Acrobat PDF (115 KB) (opens in a new window)
- Vector - Gas Control Authorisation - Submission on the PBA Report on Replacement Costs - 13 October 2006 Adobe Acrobat PDF (157 KB) (opens in a new window)
- Wanganui Gas - Gas Control - Powerco Limited and Vector Limited: Submission on PBA Report on Asset Lives and Replacement Costs - 13 October 2006 Adobe Acrobat PDF (132 KB) (opens in a new window)
Invitation for Submissions on the PBA Replacement Cost and Asset Lives Report
(2 documents)
- Gas Control - Powerco and Vector - Invitation for Submissions on PBA Report on Replacement Costs (dated 8 August 2006) Adobe Acrobat PDF (54 KB) (opens in a new window)
- The Commission is in the process of determining the final authorisation for the control of natural gas distribution services supplied by Vector Ltd (Vector) and Powerco Ltd (Powerco). An important aspect on this process is the determination of appropriate Regulatory Asset Base (RAB) valuations for Powerco’s and Vector’s assets employed in providing the controlled line function services and the controlled metering services, as specified in the Commerce (Control of Natural Gas Services) Order 2005.
- Parsons Brinckerhoff - Gas Control - Powerco and Vector - Asset Lives and Replacement Costs - 8 August 2006 Adobe Acrobat PDF (257 KB) (opens in a new window)
Gas Asset Opening Valuation Methodology
(2 documents)
- Authorisation for the Supply of Natural Gas Distribution Services by Powerco and Vector - Valuation of the Opening Regulatory Asset Base Methodology - 3 October 2006 Adobe Acrobat PDF (219 KB) (opens in a new window)
- This document describing a valuation methodology (the Valuation Methodology) has been published by the Commerce Commission (the Commission) in relation to the Commerce (Control of Natural Gas Services) Order 2005, dated 25 July 2005. The Order controlled, in accordance with the Commerce Act 1986, the certain services of Powerco Ltd (Powerco) and Vector Ltd (Vector) (the Controlled Services).
- Authorisation for the Supply of Natural Gas Distribution Services by Powerco and Vector - Valuation of the Opening Regulatory Asset Base - Methodology Decisions Paper - 3 October 2006 Adobe Acrobat PDF (307 KB) (opens in a new window)
- This Decisions Paper sets out final decisions on most aspects of the methodology that will be used for determining the opening valuations of the controlled businesses of Powerco Ltd and Vector Ltd. The methodology is set out in the Valuation Methodology1, dated 2 October 2006. It sets out key submissions from interested parties on the methodology and the Commission’s response to those submissions.
Submissions on Asset Valuation - Additional Consultation
(3 documents)
- Brian Tolley Corporation Submission - Asset Valuation - Additional Consultation - 1 September 2006 Adobe Acrobat PDF (125 KB) (opens in a new window)
- Mighty River Power - Submission to the Commerce Commission on Implications of the Government's Section 26 Statement for Form of Control and Asset Valuation - 1 September 2006 Adobe Acrobat PDF (226 KB) (opens in a new window)
- Vector - Section 26 Goverment Policy Statement Implications for Vector's Controlled Gas Assets - 1 September 2006 Adobe Acrobat PDF (124 KB) (opens in a new window)
Invitation for Submissions on Asset Valuation - Additional Consultation
(1 document)
- Authorisation for the Control of Supply of Natural Gas Distribution Services by Vector Ltd and Powerco Ltd - Asset Valuation Additional Consultation Adobe Acrobat PDF (22 KB) (opens in a new window)
- The purpose of this memorandum is to set out the scope and details of an additional consultation round on asset valuation.
Submissions on Opening Valuation Methodology
(6 documents)
- Maui Development - Valuation Methodology Discussion Paper Response and Draft ODV Requirements - 27 February 2006 Adobe Acrobat PDF (588 KB) (opens in a new window)
- Powerco - Submission on Gas Regulatory Asset Base Methodology Discussion Paper and Proposed Valuation Requirements - 27 February 2006 Adobe Acrobat PDF (98 KB) (opens in a new window)
- Powerco - Proposed Optimised Depreciated Replacement Methodology for Valuation of Powerco System Fixed Assets - 27 February 2006 Adobe Acrobat PDF (102 KB) (opens in a new window)
- Powerco - Submission Appendix 2 - Proposed Optimised Depreciated Replacement Methodology for Valuation of Powerco System Fixed Assets - Discussion Draft - 27 February 2006 Adobe Acrobat PDF (293 KB) (opens in a new window)
- Vector - Submission on the Commerce Commission's Valuation of the Regulatory Asset Base Methodology Discussion Paper - 27 February 2006 Adobe Acrobat PDF (238 KB) (opens in a new window)
- Wanganui Gas - Methodology Discussion paper of 30 January 2006 Relating to Authorisation for the Supply of Natural Gas Distribution Services by Powerco and Vector - Valuation of the Regulatory Asset Base - 27 February 2006 Adobe Acrobat PDF (77 KB) (opens in a new window)
Opening Valuation Methodology
(2 documents)
- Authorisation for the Supply of Natural Gas Distribution Services by Powerco and Vector - Valuation of the Regulatory Asset Base - Methodology Discussion Paper - 30 January 2006 Adobe Acrobat PDF (173 KB) (opens in a new window)
- An important aspect in determining the terms for control of natural gas distribution services performed by Vector Ltd (Vector) and Powerco Ltd (Powerco) is the determination of appropriate Regulatory Asset Base valuations (RAB) for the businesses’ assets. This discussion paper describes a proposed methodology and seeks submissions from interested parties on these matters.
- Proposed Optimised Deprival Valuation Methodology for Valuation of Powerco and Vector System Fixed Assets - Discussion Draft - 30 January 2006 Adobe Acrobat PDF (222 KB) (opens in a new window)
- This draft methodology has been prepared by the Commerce Commission for use (once finalised) by Powerco and Vector (the controlled businesses) in determining suitable valuations, using the ODV methodology, for the system fixed assets of their gas distribution networks for the purposes of price control.
