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ENERGY (RENEWABLE TRANSFORMATION AND JOBS) REGULATION 2024 - REG 15
Requirement to give primary PTI allowance direction
(1) This section applies if the responsible Ministers give Powerlink a
direction under section 27 of the Act about a priority transmission
investment.
(2) The responsible Ministers must, at the same time, direct
Powerlink to apply to the AER under this division to amend or make a revenue
determination to ensure capital expenditure and operating expenditure
associated with the priority transmission investment are accounted for in the
revenue determination.
(3) A direction under this section is a
"primary PTI allowance direction" .
(4) The primary PTI allowance direction
for the priority transmission investment must— (a) state a description of
the investment; and
(b) state the anticipated completion date for the
investment; and
(c) include a requirement under section 18 or at least 1
requirement under section 28 or 29 in relation to the investment.
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