The Commission gives notice, under section 52Q(5)(b) of the Commerce Act 1986, that it has amended the Transpower Individual Price-Quality Path Determination 2015 [2014] NZCC 35 (“RCP2 IPP Determination”). The amendment takes effect on 3 November 2017.

The Amendments

The RCP2 IPP Determination was amended as follows:

In clause 22.2.4(c) replace “$242.0 million” with “$243.0 million”.

In clause 22.2.4(d) replace “$231.6 million” with “$241.2 million”.

In clause 23.2.3(c) replace “$242.0 million” with “$243.0 million”.

In clause 23.2.3(d) replace “$231.6 million” with “$241.2 million”.

In Schedule A (Forecast MAR summary) in line 4 “31 March 2019 (Year 4)” under “Incremental update to forecast MAR determined not later than the second Wednesday in November 2017” [Column 6] replace “$XX.X million” with “-$17.8 million”.

In Schedule A (Forecast MAR summary) in line 4 “31 March 2019 (Year 4)” under “Total forecast MAR applicable to the pricing year (sum of amounts in columns 3 to 7)” [Column 8] replace “$949.9 million” with “$932.1 million”.

In Schedule A (Forecast MAR Summary) in line 5 “31 March 2020 (Year 5)” under “Incremental update to forecast MAR determined not later than the second Wednesday in November 2017” [Column 6] replace “$XX.X million” with “-$18.6 million”.

In Schedule A (Forecast MAR Summary) in line 5 “31 March 2020 (Year 5)” under “Total forecast MAR applicable to the pricing year (sum of amounts in columns 3 to 7)” [Column 8] replace “$957.3 million” with “$938.7 million”.

In Schedule C (Approved base capex summary) in line 3 “30 June 2018” under “Incremental approved listed project base capex determined not later than the second Wednesday in November 2017” [Column 5] replace “N/A” with “$1.0 million”.

In Schedule C (Approved base capex summary) in line 3 “30 June 2018” under “Approved base capex for purposes of forecast MAR and base capex expenditure adjustments in the disclosure year (sum of amounts in columns 2 to 6)” [Column 7] replace “$242.0 million” with “$243.0 million”.

In Schedule C (Approved base capex summary) in line 4 “30 June 2019” under “Incremental approved listed project base capex determined not later than the second Wednesday in November 2017” [Column 5] replace “$XX.X million” with “$9.6 million”.

In Schedule C (Approved base capex summary) in line 4 “30 June 2019” under “Approved base capex for purposes of forecast MAR and base capex expenditure adjustments in the disclosure year (sum of amounts in columns 2 to 6)” [Column 7] replace “$231.6 million” with “$241.2 million”.

In Schedule C (Approved base capex summary) in line 5 “30 June 2020” under “Incremental approved listed project base capex determined not later than the second Wednesday in November 2017” [Column 5] replace “$XX.X million” with “$0.0 million”

Further Information

A copy of the amendment determination is available on the Commission’s website at http://www.comcom.govt.nz/regulated-industries/electricity/electricity-transmission/transpower-individual-price-quality-regulation/transpowers-price-quality-path-from-2015-to-2020/ and for inspection free of charge, or for purchase at a reasonable price, at the Commission’s office at 44 The Terrace, Wellington (during ordinary office hours).

Dated at Wellington this 3rd day of November 2017.

COMMERCE COMMISSION.