Western Australian Current Regulations

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NATIONAL THIRD PARTY ACCESS CODE FOR NATURAL GAS PIPELINE SYSTEMS - REG 8.19

8.19

                The Reference Tariff Policy may also provide that an amount in respect of the balance of the New Facilities Investment may subsequently be added to the Capital Base if at any time the type or volume of Services provided using the New Facility change such that any part of the Speculative Investment Fund (as defined below) would then satisfy the requirements of section 8.16(a). The amount of the Speculative Investment Fund at any time is equal to:

            (a)         the difference between the New Facilities Investment and the Recoverable Portion, less any amount the Service Provider notifies the Relevant Regulator (at the time the expenditure is incurred) that it has elected to recover through a Surcharge under section 8.25 (Speculative Investment); plus

            (b)         an annual increase in that amount calculated on a compounded basis at a rate of return approved by the Relevant Regulator which rate of return may, but need not, be different from the rate of return implied in the Reference Tariff; less

            (c)         any part of the Speculative Investment Fund previously added to the Capital Base under this section 8.19.

        [Section 8.19 amended: Gazette 2 May 2003 p. 1526 and 1527.]



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