Investor Presentaiton
Regulation of Australian gas pipelines (continued)
Schedule of
regulatory reset
dates for APA
Current regulatory period
2023
2024
2025
2026
2027
2028
Vic Transmission System(1)
Goldfields Gas Pipeline
Amadeus Gas Pipeline
Roma Brisbane Pipeline (2)
Access
arrangement
Reference
tariff
Regulated
revenue
Regulated asset
base (RAB)
.
Apply for a term, generally 5 years
Set out the terms and conditions of third party access, including
At least one reference service that is commonly sought by customers for pipelines, this is generally firm forward-haulage services
A reference (benchmark) tariff for the reference service
Provides a default tariff for customers seeking the reference service but tariffs can also be negotiated for other services
Determined with reference to regulated revenue, capacity and volume forecasts
Determined using the building block approach to recover efficient costs including:
Forecast operating and maintenance costs
Regulatory asset depreciation and
Return on value of regulated assets (regulated asset base) based on WACC determination
Current rate of return guideline was released in February 2023
WACC based on 60:40 debt equity split
Opening RABS have been settled with the regulator; there are no reassessments for approved RABS
RABS adjusted every access arrangement period
Increased by capital invested into the asset and reduced by regulatory depreciation costs
(1) Victorian Transmission System access arrangement from 1 January 2023 to 31 December 2027
(2) Roma Brisbane Pipeline access arrangement from 1 July 2022 to 30 June 2027
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APA FY23 Results Investor Presentation
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