Transpower may apply to the Commission for updates to the forecast maximum allowable revenues for the 2013/14 and 2014/15 pricing years. Â 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.
In October 2012, Transpower applied for updates to the MAR for the 2011/12 disclosure years and an update to the forecast MAR for 2013/14 and 2014/15. In doing so, they supplied supporting documentation detailing the 2011/12 MAR wash up, the forecast MAR summary, and the EV account summary. The Commerce Commission has considered this and has amended the Transpower IPP Determination accordingly. Read the related media release: www.comcom.govt.nz/media-releases/detail/2012/transpower-s-maximum-allowable-revenues-adjusted-for-coming-two-year-period
