Queensland Consolidated Regulations

ENERGY (RENEWABLE TRANSFORMATION AND JOBS) REGULATION 2024 - REG 39

39 Obligations of AER for material change PTI direction

(1) If Powerlink applies to the AER under a direction given under section 38 (6) (c) (i) , the AER must adjust the value of Powerlink’s regulatory asset base at the beginning of each regulatory year stated in the application to include the amount of capital expenditure for the priority transmission investment stated in the application.

(2) If Powerlink applies to the AER under a direction given under section 38 (6) (c) (ii) , the AER must change each regulatory year during which an amount of capital expenditure for the priority transmission investment is to be included in the value of Powerlink’s regulatory asset base in accordance with the application.

(3) Also, if Powerlink applies to the AER under a material change PTI direction, the AER must—

(a) amend Powerlink’s revenue determination for the regulatory control period during which the direction is given, to reflect the effect of an adjustment made under subsection (1) or (2) on the following—

(i) Powerlink’s maximum allowed revenue for the regulatory control period;

(ii) the X factors for the regulatory control period; and

(b) in making a revenue determination for Powerlink for each subsequent regulatory control period stated in the application, ensure the effect of an adjustment made under subsection (1) or (2) on the following is reflected for each subsequent regulatory control period—

(i) Powerlink’s maximum allowed revenue;

(ii) the X factor.

(4) If the value of Powerlink’s regulatory asset base is adjusted or changed for a regulatory year under a direction given under section 38 (6) (c) , the value of the regulatory asset base for the regulatory year must be calculated under the post-tax revenue model in the same way as the value of other assets used to provide prescribed transmission services are calculated for the regulatory year.