Amendment Determination (No.1) 2011
Pursuant to Part 4 of the Commerce Act 1986, the Commerce Commission makes the following determination:
1. Title
This determination is the Commerce Act (Transpower Input Methodologies) Amendment Determination (No.1) 2011.
2. Commencement
This determination comes into force on 1 November 2011.
3. Amendments
(1) This determination amends the Commerce Act (Transpower Input Methodologies) Determination 2010.
(2) Clause 1.1.4(2) (Interpretation) is amended:
(a) in the definition of "cost of executing an interest rate swap" by omitting "clause 2.4.9(1)" and substituting "clause 2.4.9(2)";
(b) in the definition of "initial RAB value" by omitting "clause 2.2.2(2)" and substituting "clause 2.2.2";
(c) in the definition of "opening RAB value" by omitting "clause 2.2.3(2)(f)" and substituting "clause 2.2.3(3)"; and
(d) in paragraph (b) of the definition of "opening RAB value" by omitting "clause 2.2.3(2)(f)" and substituting "clause 2.2.3(3)".
(3) Clause 2.2.6(1) is amended by inserting after paragraph (f):
"(g) the HVAC lines pseudo asset described in Schedule 1, clause 3(4)(d) of the thresholds notice, five years from 1 July 2011;".
(4) Existing paragraph 2.2.6(1)(g) is re-numbered paragraph (h) and is amended:
(a) by omitting "paragraphs (a)-(f)" and substituting "paragraphs (a) to (g)"; and
(b) by omitting subparagraph (ii) and substituting:
"(ii) not having a standard physical life, if there is a similar physical asset in terms of asset type with an unallocated opening RAB value, the physical asset life of that similar physical asset;".
(5) Existing paragraph 2.2.6(1)(h) is re-numbered paragraph (i) and is amended by omitting "paragraphs (a) to (g)" and substituting "paragraphs (a) to (h)".
(6) Subclause 2.2.6(3) is amended by omitting "subclauses (1)(1)(e) and (1)(g)(iii)" and substituting "paragraphs (1)(e) and (1)(h)(iii)".
Dated at Wellington this 1st day of November 2011.
COMMERCE COMMISSION.
Explanatory Note
This determination amends the Commerce Act (Transpower Methodologies) Determination 2010 to clarify certain components of the determination and to reflect the final decisions on the contents of the determination, which were explained in the Commission’s Input Methodologies (Transpower) Reasons Paper, December 2010.