EEA Conf Programme 2021
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Cross-Submission on the IM Review: Draft Decision Papers
Cross-Submission on the IM Review: Draft Decision Papers Unison Networks Limited 18 August 2016 Unison Cross-Submission on the IM Review – Draft Decision Papers TABLE OF CONTENTS 1. INTRODUCTION AND SUMMARY ............................................................................ 3 1.1 Introduction ............................................................................................................................... 3 1.2 Summary .................................................................................................................................. 3 1.3 Submission Contact ................................................................................................................. 3 2. RESPONSE TO ERANZ – EMERGING TECHNOLOGY ............................................. 4 2.1 Competition and Scope of Regulated Service ......................................................................... 4 2.2 ERANZ Alternative Proposal .................................................................................................... 5 3. RESPONSE TO CONTACT ENERGY – EMERGING TECHNOLOGY ......................... 7 3.1 Regulatory Treatment of Revenues and Costs from Emerging Technology ........................... 7 4. RESPONSE TO TRUSTPOWER – EMERGING TECHNOLOGY ................................ 8 4.1 Treatment of emerging technologies under Part 4 regime ....................................................... 8 4.2 Distributed Generation Pricing Principles (DGPPs) ................................................................ -
Register Now at NEW ZEALAND
NEW ZEALAND THE ENERGY SECTOR’S ANNUAL STRATEGIC FORUM 2014 5 & 6 March 2014, SKYCITY Convention Centre, Auckland Macro Gas Issues Christoph Frei Carl Hansen Ken Sutherland World Energy Council Electricity Authority Unison New Retailers Smart Meter Stocktake Alison Andrew Sjoerd Post David Parker Emerging International Trends Transpower Rening NZ Labour Party See the Tesla Roadster DIAMOND SPONSOR GOLD SPONSOR DINNER SPONSOR LUNCH SPONSOR CAFE SPONSOR FOUNDATION PARTNERS Register now at www.nzdownstream.co.nz NEW ZEALAND THE ENERGY SECTOR’S ANNUAL STRATEGIC FORUM 2014 Bringing the key strategic, commercial and stakeholder issues to the table • Hear from the major political parties and industry in the debate on NZ Power • The annual Leaders’ Panel focus on the consumer HIGHLIGHTS FOR 2014 • Rening NZ CEO talks transport fuels and the next chapter for New Zealand • Inaugural industry address from the new Transpower CEO • Unlocking energy poverty – the role of the industry The Downstream Gala Dinner is a great opportunity for the industry to round off the rst day and proved to be a great hit ANNUAL NEW ZEALAND in 2013. Take advantage of the informal atmosphere to share ideas, network and do business with your peers and clients DOWNSTREAM DINNER whilst enjoying a lavish dinner and drinks reception. International speed painter Brad Blaze will be joining us. Brad is the fastest portrait artist in the world and has enthralled audiences around the globe. Register now at www.nzdownstream.co.nz Dr. Christoph Frei, Secretary General, World Energy Council Dr. Christoph Frei became the fth WEC Secretary General on 1 April 2009. -
Genesis Energy
NEW ZEALAND Genesis Energy 13 June 2008 Performance evaluation Genesis Energy equity valuation Macquarie Research’s discounted cashflow based equity valuation for Genesis Energy is $2,115m (nominal WACC 9.17%, asset beta 0.60, TGR 3.0%). Forecast financial model A detailed financial model with explicit forecasts out to 2030 has been completed and is summarised through this report. 12 month and 24 month target valuations Our 12 month ($2,257m) and 24 month ($2,433m) target valuations for the company have been derived by rolling forward the discounted cashflow model 12 and 24 months respectively and deducting from these values the forecast 12 and 24 month dividends to the Crown. Financial model assumptions and commentary We have assessed the sensitivity of our equity valuation to a wide range of inputs. Broadly, these sensitivities are divided into five categories: generation Inside assumptions, electricity supply, gas supply, financials and price path. Performance evaluation report 2 This report highlights and discusses a number of key model input assumptions: Valuation summary 5 ⇒ The extent to which Huntly coal is backed off; Financial model assumptions and ⇒ The company’s retail and SME pricing position; commentary 11 ⇒ Future fuel cost position; Financial statements summary 18 ⇒ Genesis Energy Retail Gas margins; and Genesis Energy historic and forecast performance 21 ⇒ Wholesale electricity price paths. Historic and forecast performance versus SCI Financial flexibility and generation development 22 We have analysed the spread between Genesis Energy’s return on funds and its WACC to gauge its historic and forecast financial performance; Alternative valuation methodologies 23 We have compared our forecasts for Genesis Energy against those outlined in its Statement of Corporate Intent (SCI). -
Confidential Version
Public Version ISSN No. 0114-2720 11711/900832 Decision No. 682 Determination pursuant to the Electricity Industry Reform Act 1998 (EIR Act) in the matter of an application for exemption, of a prohibited involvement in an electricity lines business and an electricity generation and sales business, from the application of the EIR Act. The application is made by: MARK TUME The Commission: M N Berry P J M Taylor Summary of Application: Application by Mark Tume for exemption from the application of the EIR Act in respect of certain prohibited involvements in Powerco Limited’s lines and in the generation and sale of electricity by TrustPower Limited. Determination: The Commission, pursuant to section 81 of the EIR Act, determines to grant an exemption from compliance with section 17(2)(a) of the EIR Act, but with the conditions specified in the Notice of Exemption. Date of Determination: 10 November 2009 CONFIDENTIAL MATERIAL IN THIS REPORT IS CONTAINED IN SQUARE BRACKETS 2 CONTENTS INTRODUCTION .........................................................................................................3 COMMISSION PROCEDURES...................................................................................3 General.......................................................................................................................3 Criteria Used by the Commission to Consider Exemption Applications ..................3 PARTIES .......................................................................................................................5 -
Commerce Commission CPP Open Letter July 2018
First Gas Limited 42 Connett Road West, Bell Block 31 July 2018 Private Bag 2020, New Plymouth, 4342 New Zealand P +64 6 755 0861 F +64 6 759 6509 Matthew Lewer Manager, Regulation Development Commerce Commission PO Box 2351 WELLINGTON Sent via email: [email protected] Dear Matthew Feedback on recent CPP processes This is First Gas’ submission on the Commerce Commission’s open letter requesting feedback on recent customised price-quality path (CPP) processes dated 3 July 2018. Summary of key points First Gas welcomes the Commission’s review of recent CPPs. The findings of this work are of interest to us as we consider a CPP application for our gas transmission business to address the risk of coastal erosion near our pipelines at White Cliffs in northern Taranaki. We disagree with the Commission’s view that the principle of proportionate scrutiny is sufficiently defined in the Input Methodologies. We consider that the Wellington Electricity (WELL) CPP process demonstrates the value of considering high-priority, specific resilience issues outside of a full CPP process. This ensures a timely response to identified major resilience risks, without the resource required for a full CPP. Most of the other topics canvassed in the open letter set out activities that we expect any prudent regulated business would undertake prior to submitting a CPP application. These activities require a degree of flexibility to reflect the drivers of the individual CPP applications, so we do not support these being codified into the CPP requirements. We expand on these points below. Importance of consultation on CPP processes and experience to date Industry consultation and feedback on the CPP process is of considerable interest to First Gas, as we are currently considering a CPP application for our White Cliffs realignment project. -
Annual Report
2017 WEL Networks Annual Report 0800 800 935 | wel.co.nz ISSN 2463-4646 (print) 02 2017 WEL Networks | Annual Report THIS IS THE ANNUAL REPORT OF WEL NETWORKS LIMITED Dated this 25th day of May 2017 Signed for and on behalf of the Board of Directors MARGARET DEVLIN Chairman PAUL MCGILVARY Chairman Audit and Risk Committee CONTENTS VISION 02 COMPANY PROFILE 03 QUICK FACTS 04 KEY PERFORMANCE INDICATORS 06 CHAIRMAN’S REPORT 11 CHIEF EXECUTIVE’S REPORT 13 IN THE NEWS 16 DIRECTOR PROFILES 19 CORPORATE GOVERNANCE 21 DIRECTORS’ DISCLOSURES OF INTEREST 22 EXECUTIVE MANAGEMENT 23 WEL ENERGY TRUST 26 FINANCIAL STATEMENTS 28 AUDITORS’ REPORT 70 DIRECTORS’ REPORT AND STATUTORY INFORMATION 73 DIRECTORY 76 02 2017 WEL Networks | Annual Report VISION PROVIDING HIGH QUALITY, RELIABLE UTILITY SERVICES VALUED BY OUR CUSTOMERS WHILST PROTECTING AND ENABLING OUR COMMUNITY 2017 WEL Networks | Annual Report 03 COMPANY PROFILE At WEL Networks we’ve kept the lights on in Waikato communities for nearly 100 years. Our core focus is to distribute power from the national grid, connecting over 160,000 people to electricity services through 89,000 installation connection points. Each year we invest around $45 million to keep our assets in top condition and our crews work around the clock to maintain our network. As our communities grow we continue to play an We’re a trusted member of the community employing essential role in the region’s economic and social approximately 240 employees with a range of expertise; development. We identify and invest in new technologies from Live Line Mechanics, Faults Technicians and Technical that benefit our people, modernise our network and Planners, to in-house Health & Safety professionals, future proof our communities. -
2010 Default Price-Quality Path Compliance Assessment Decision
COMMERCE COMMISSION Regulation of Electricity Lines Businesses Price-Quality Regulation Reasons for Not Declaring Control of the following Non-exempt Electricity Distribution Businesses: Alpine Energy Limited, Centralines Limited, Eastland Network Limited, Horizon Energy Distribution Limited, Nelson Electricity Limited, Network Tasman Limited, Orion New Zealand Limited, OtagoNet Joint Venture, Powerco Limited, The Lines Company Limited, Top Energy Limited and Wellington Electricity Lines Limited 1 April 2011 CONTENTS PAGE INTRODUCTION .................................................................................................. 3 Purpose and Scope .............................................................................................. 3 Electricity Distribution Businesses Assessed ................................................... 3 Statutory Framework ......................................................................................... 4 Consumer-owned .................................................................................................................. 4 Process and Analytical Framework Applied ................................................... 5 Overview of the 2009/10 Assessment ................................................................ 6 Breaches of the Price Path ................................................................................................... 6 Breaches of the Quality Threshold ..................................................................................... 11 DECISIONS – -
EEA Conf Programme 2021
Conference Programme - Provisional - 29 April 2021 WEDNESDAY, 30 JUNE 2021 8.30am REGISTRATION & TRADE EXHIBITION OPENS ROOM 3 ROOM 4 ROOMS 2 TO 4 9.30am CONFERENCE OPENING 9.35am Jo Hendy, Chief Executive, Climate Change Commission 10.10am Nigel Barbour, Chief Executive, Powerco Ltd 10.45am ROOM 1 ROOM 2 ROOM 3 ROOM 4 CARBON ZERO SMART TECHNOLOGY FUTURE GRIDS PANEL SESSION 11.00am Architecture of the Future Low-Carbon, ConductorDown – A groundbreaking safety solution for New approaches to network planning. ‘Protection and Automation’ - Resilient, Electrical Power System. overhead distribution networks. Richard Kingsford, WEL Networks System Restoration Challenges Prof. Neville Watson, University of Rodger Griffiths, Electronet Technology CIGRE Panel and Workshop Session Canterbury 11.30am Perverse incentives creating an impact on Practical experience of IEC61850 and future Lessons learned during the Australian network performance and New Zealand’s zero applications. transformation towards renewable generation carbon future. Nathan Rich, Connetics Ltd through a prism of New Zealand power systems Dougal McQueen & Junaid Qureshi, Aurora analysis engineer Energy Alexander Apukov, Mitton Electronet 12.00pm The effects on the wider electricity network of Enhancing rating studies through soil digital twin. The use, development and improvement of heating decarbonisation projects. Nu’man Rashid, Unison Networks Ltd approaches for generation balancing to meet peak Campbell Rae, Connetics Ltd demand. Katherine Moore, Transpower NZ Ltd 12.30pm LUNCH ASSET MANAGEMENT INNOVATION FUTURE ENERGY SECURITY INNOVATIVE TECHNOLOGY SMART TECHNOLOGY 1.30pm Rethinking test data and reporting. An Electricity network infrastructure resilience through the Implementation of Whangamata’s standby battery Analysis of an Intelligent Merging Unit Based on IEC Introduction to our common data environment for lens of seismicity. -
Managing the Assets That Distribute Electricity
B.29 [17i] Managing the assets that distribute electricity Office of the Auditor-General PO Box 3928, Wellington 6140 Telephone: (04) 917 1500 Facsimile: (04) 917 1549 Email: [email protected] Website: www.oag.govt.nz About our publications All available on our website The Auditor-General’s reports are available in HTML and PDF format on our website – www. oag.govt.nz. We also group reports (for example, by sector, by topic, and by year) to make it easier for you to find content of interest to you. Our staff are also blogging about our work – see blog.oag.govt.nz. Notification of new reports We offer facilities on our website for people to be notified when new reports and public statements are added to the website. The home page has links to our RSS feed, Twitter account, Facebook page, and email subscribers service. Sustainable publishing The Office of the Auditor-General has a policy of sustainable publishing practices. This report is printed on environmentally responsible paper stocks manufactured under the environmental management system standard AS/NZS ISO 14001:2004 using Elemental Chlorine Free (ECF) pulp sourced from sustainable well-managed forests. Processes for manufacture include use of vegetable-based inks and water-based sealants, with disposal and/or recycling of waste materials according to best business practices. Photo acknowledgement: mychillybin © Thysje Arthur B.29[17i] Managing the assets that distribute electricity Presented to the House of Representatives under section 20 of the Public Audit Act 2001. June 2017 -
Unison Annual Report 2021 Unison Annual Report 2021 ///////// P-3
P-2 ///////// UNISON ANNUAL REPORT 2021 UNISON ANNUAL REPORT 2021 ///////// P-3 CONTENTS 1 / CHAIR & GROUP CHIEF EXECUTIVE'S ANNUAL REVIEW P4 2 / CORPORATE GOVERNANCE STATEMENT P36 3 / BOARD OF DIRECTORS P42 4 / STATUTORY INFORMATION P48 5 / TRUSTEES’ STATEMENT P52 6 / FINANCIAL STATEMENTS P56 Front Cover: Unison Contracting Services Limited The Hyundai Kona is the newest addition to (UCSL) installing new poles on remote terrain, Unison’s EV fleet – bringing increased range Napier-Taihape Road. capacity, Waimarama Beach, Hawke’s Bay. P-4 ///////// UNISON ANNUAL REPORT 2021 CHAIR AND GROUP CHIEF EXECUTIVE'S ANNUAL REVIEW CHAIR AND GROUP CHIEF EXECUTIVE'S ANNUAL REVIEW UNISON ANNUAL REPORT 2021 ///////// P-5 L:R – Group Chief Executive Ken Sutherland and Group Chair Phil Hocquard. P-6 ///////// UNISON ANNUAL REPORT 2021 CHAIR AND GROUP CHIEF EXECUTIVE'S ANNUAL REVIEW CHAIR AND GROUP CHIEF EXECUTIVE'S ANNUAL REVIEW UNISON ANNUAL REPORT 2021 ///////// P-7 UCSL continued to ensure a resilient network during all stages of the COVID-19 pandemic – pole replacement, Hawke’s Bay. GROUP PERFORMANCE Despite the exceptional issues consumption data to help build Focus remained on embedding faced during the 2020/21 an understanding of the direct sustainability as a cornerstone financial year, the Unison Group impacts of COVID-19 on Unison’s of the business. Unison has an coped well with the unforeseen consumer-base. Temporary important role to play by providing challenges and performed reduced charges were instituted a resilient network and response strongly overall. to provide relief for commercial capability to more frequent and businesses significantly impacted extreme weather events and by Through the various stages by the level 3 and 4 government enabling consumers to contribute of the COVID-19 pandemic lockdowns. -
ANNUAL REPORT 2013 Contents
1 1 = 3 The Power of Working Together ANNUAL REPORT 2013 Contents 02 Who We Are 03 Highlights & Strategic Focus 04 Directors’ Report 07 Board of Directors 08 Chief Executive’s Report 10 Leadership Team 12 Snowtown Stage II 14 Reliable Irrigation 16 Fibre Services Shine 18 Powering Locals 20 Shared Understanding 22 Safety First 23 Stakeholders with Vision 24 About our Sustainability Report 25 Sustainability Outlook 26 Our People 27 Our Environment 28 Our Community 29 Our Customers 30 Our Economic Performance 32 Stakeholder Interaction 34 Corporate Governance Statement 37 Financial Statements 2013 38 Auditors’ Report 76 Statutory Information 79 Security Holder Information 81 Directory 81 Financial Calendar TRUSTPOWER ANNUAL REPORT 2013 01 TrustPower Our Industry Partners Our Customers Our Local Communities Our Staff Our Environment Better Results We believe that working collaboratively will consistently deliver better results. Hence we’re always looking for opportunities to bring together teams of talented people to work simultaneously to make things better. 02 These assets produce an average of 2,800GWh per year. Our first Who We Are irrigation asset, a pumping facility using water from our Highbank hydro generation scheme, has completed its first full season of operation. We own 630MW of hydro and wind generation spread We supply electricity to around 206,000 customers and provide 43,000 telecommunications services to 26,000 customers throughout throughout New Zealand as New Zealand. We have 481 full time equivalent employees working well as the 100MW Snowtown throughout New Zealand and three employees in Adelaide. Around 65% Wind Farm in South Australia. of New Zealand employees are based in our Tauranga head office. -
EV CONNECT CONSULTATION DRAFT ROADMAP Consultation Close Date: 15 July 2021
EV CONNECT CONSULTATION DRAFT ROADMAP Consultation close date: 15 July 2021 Released May 2021 EV CONNECT – DRAFT ROADMAP CONTENTS 1. Introduction 3 2. Context 7 3. Roadmap objectives 11 4. Roadmap approach and actions 12 5. Building on EV Connect progress 17 6. Getting to the starting line 20 Acknowledgements We acknowledge the input and engagement from our stakeholders through 2020-21 which have contributed to the scope and direction outlined in the roadmap and key actions within it. We also acknowledge the support of GreenSync – particularly Bridget Ryan - in helping us to write and refine this Draft Roadmap. Finally, we acknowledge the funding, support and engagement of EECA on the EV Connect project. Copyright © 2021, Wellington Electricity Lines Limited (WELL) Disclaimer The information contained in this document provides a summary of the subject matter covered. While we use all reasonable attempts to ensure the accuracy and completeness of the information, facts and opinions herein, we make no warranty or guarantees on the information. Page 2 of 25 EV CONNECT – DRAFT ROADMAP In New Zealand, electricity distribution is regulated. The Commerce 1. Introduction Commission sets how much money an Electricity Distribution Business As electric vehicle (EV) uptake increases, electricity networks will be (EDB) has to build and operate their network, the services provided and required to manage the associated increase in demand for electricity. The the level of quality delivered. The Electricity Authority defines how EDBs increase will be significant – our studies show that a small EV will increase interact with other industry participants and customers. household electricity use by 35%.