Transpower may apply to the Commission for updates to the forecast maximum allowable revenues for the 2013/14 and 2014/15 pricing years. The updates are required to be set by 30 November 2012.
Updates to the forecast MARs are made under the price path that was set by the Commerce Act (Transpower Individual Price-Quality Path) Determination 2010. The updates are limited to adjustments for wash ups of MARs from prior years and for capital expenditure approved by the Commission since the forecast MARs were originally set in November 2011.
The updates in November 2012 will include adjustments for the wash up of the MAR for the 2011/12 disclosure year and for the forecast revenue effects of the capital expenditure approved since the setting of the forecast MARs November 2011.
