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Powercor Australia Limited Regulatory Proposal

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Powercor Australia Limited Regulatory Proposal POWERCOR AUSTRALIA LTD’S REGULATORY PROPOSAL 2011-15 POWERCOR AUSTRALIA LIMITED REGULATORY PROPOSAL: 2011 TO 2015 30 NOVEMBER 2009 POWERCOR AUSTRALIA LTD’S REGULATORY PROPOSAL 2011-15 CONTENTS 1. GENERAL ............................................................................................................................................1 2. COMMENCEMENT AND LENGTH OF REGULATORY CONTROL PERIOD ...................9 3. CLASSIFICATION OF SERVICES ...............................................................................................10 4. DEMAND, ENERGY AND CUSTOMER FORECASTS.............................................................31 5. CAPITAL EXPENDITURE .............................................................................................................49 6. OPERATING EXPENDITURE.....................................................................................................144 7. UNIT COSTS AND EXPENDITURE ESCALATORS...............................................................230 8. NON-NETWORK ALTERNATIVES...........................................................................................240 9. EFFICIENCY BENEFIT SHARING SCHEME .........................................................................250 10. SERVICE TARGET PERFORMANCE INCENTIVE SCHEME .......................................265 11. DEMAND MANAGEMENT INCENTIVE SCHEME...........................................................278 12. PASS THROUGH EVENTS......................................................................................................280 13. DEPRECIATION........................................................................................................................296 14. REGULATORY ASSET BASE.................................................................................................299 15. RATE OF RETURN ON CAPITAL.........................................................................................304 16. ESTIMATED COST OF CORPORATE INCOME TAX .....................................................319 17. ANNUAL AND TOTAL REVENUE REQUIREMENTS AND X FACTORS FOR 2011-15 324 18. CONTROL MECHANISM FOR STANDARD CONTROL SERVICES ...........................331 19. PRICING FOR STANDARD CONTROL SERVICES..........................................................336 20. MODELS......................................................................................................................................346 21. TRANSITIONAL MATTERS...................................................................................................347 22. OTHER ENTITIES ....................................................................................................................349 23. ALTERNATIVE CONTROL SERVICES...............................................................................368 24. NEGOTIATING FRAMEWORK ............................................................................................395 25. CONFIDENTIAL INFORMATION ........................................................................................397 26. CERTIFICATION OF REASONABLENESS OF ASSUMPTIONS ...................................399 27. STATUTORY DECLARATION ..............................................................................................400 - ii - POWERCOR AUSTRALIA LTD’S REGULATORY PROPOSAL 2011-15 28. MATERIAL PROGRAMS JUSTIFICATION .......................................................................401 29. STRUCTURE OF RESPONSE TO RIN AND RULES REQUIREMENTS.......................433 30. ATTACHMENTS .......................................................................................................................443 - iii - POWERCOR AUSTRALIA LTD’S REGULATORY PROPOSAL 2011-15 Powercor Australia’s Regulatory Proposal 2011-15 - Abbreviations ID Abbreviation Description 1 ACR Auto Circuit Recloser 2 ACT Australian Capital Territory 3 AEMA Australian Energy Market Agreement 4 AEMC Australian Energy Markets Commission 5 AEMO Australian Energy Market Operator 6 AER Australian Energy Regulator’s 7 AMI Advanced Metering Infrastructure 8 Aon Aon Risk Services Australia Ltd 9 ARPANSA Australian Radiation Protection and Nuclear Safety Agency 10 ARR Annual Revenue Requirement 11 AS Australian Standards 12 ASIC Australia Standard Industrial Classification 13 ASX Australian Stock Exchange 14 ATO Australian Tax Office 15 B2B Business-to-Business 16 bppa Basis points per annum 17 CAM Cost Allocation Methodology 18 CBRM Condition Based Risk Management 19 CEG Competition Economists Group 20 CGS Commonwealth Government Securities CHED 21 Services CHED Services Pty Ltd (ACN 112 304 622) 22 CHEDHA CHED Holdings Australia 23 CIC Capital Investment Committee 24 CIS Customer Information System 25 CitiPower CitiPower Pty (ACN 76 064 651 056) 26 CKI Cheung Kong Infrastructure Ltd 27 Code Code of Practice for Electric Line Clearance 2005 28 CoF Consequence of Failure 29 CPI Consumer Price Index 30 CPRS Carbon Pollution Reduction Scheme 31 CSIRO Commonwealth Scientific and Research Organisation 32 Deloitte Deloitte Touche Tohmatsu 33 DMIA Demand Management Innovation Allowance 34 DMIS Demand Management Incentive Scheme - iv - POWERCOR AUSTRALIA LTD’S REGULATORY PROPOSAL 2011-15 ID Abbreviation Description 35 DMS Distribution Management System 36 DNSP Distribution Network Service Provider 37 DRMF Distribution Reliability Management Framework 38 DRMS Discretionary Risk Management Scheme 39 DSE Victorian Department of Sustainability and Environment 40 DSPR Distribution System Planning Report 41 DUOS Distribution Use of Service 42 EBA Enterprise Bargaining Agreement 43 EBSS Efficiency Benefit Sharing Scheme 44 EDPR Electricity Distribution Price Review 45 ELV Electric Light Vehicle 46 EMSP Electrical Safety Management Plans 47 EPA Environmental Protection Authority 48 ESAA Electricity Supply Association of Australia 49 ESCV Essential Services Commission of Victoria 50 ESMS Electricity Safety Management Scheme 51 ESV Energy Safe Victoria 52 ETSA ETSA Utilities 53 EWP Elevated Work Platform 54 GAAR Gas Access Arrangement Review 55 GIS Geographic Information System 56 GSL Guaranteed Service Level 57 GSP Gross State Product 58 GWh Gigawatt Hour 59 GWM Water Grampians-Wimmera-Mallee Water 60 HBRA Hazardous Bushfire Risk Areas 61 HEH Hong Kong Electric Holdings Ltd 62 HEI HongKong Electric International Limited 63 HI Health Index 64 HV High Voltage 65 IT Information Technology 66 KPI Key Performance Indicators 67 kV Kilovolts 68 kVA Kilovolt Amperes 69 LGA Local Government Areas 70 LLV Large Low Voltage 71 LV Low Voltage - v - POWERCOR AUSTRALIA LTD’S REGULATORY PROPOSAL 2011-15 ID Abbreviation Description 72 MAIFI Momentary Average Interruption Frequency Index 73 MCE Ministerial Council for Energy 74 MCR Marginal Cost of Reinforcement 75 MDS Metering Data Services 76 MEC Major Electricity Company 77 MEPS Minimum Energy Efficiency and Performance Standards for appliances 78 MRET Mandated Renewable Electricity Target 79 MRIM Manually Read Interval Meters 80 MSATS Market Settlement and Transfer Solution 81 MVA Megavolt Ampere 82 MW Megawatts 83 MWh Megawatt Hour 84 NEL National Electricity Law 85 NEM National Electricity Market 86 NEMMCO National Electricity Market Management Company Limited 87 NERG Network Extensions for Remote Generation 88 NIEIR National Institute of Economic and Industrial Research 89 NMI National Metering Identifier 90 NPV Net Present Value 91 NSW New South Wales 92 OHS Occupational Health and Safety 93 ORG Office of the Regulator General 94 PABX Private Automated. Branch Exchange 95 PAPL Permitted Attached Private Lines 96 PB Parsons Brinckerhoff 97 PDM Program of Demand Management 98 Plan Electric Line Clearance Management Plan 99 PNS Powercor Network Services 100 PoE Probability of Exceedance 101 POEL Private Overhead Electric Line 102 PoF Probability of Failure 103 PTRM Post Tax Revenue Model 104 PV Present Value 105 PV Photovoltaic 106 PWC PricewaterhouseCoopers 107 RAB Regulatory Asset Base 108 RBA Reserve Bank of Australia - vi - POWERCOR AUSTRALIA LTD’S REGULATORY PROPOSAL 2011-15 ID Abbreviation Description 109 RCM Reliability Centred Maintenance 110 RECs Renewable Energy Certificates 111 RET Renewable Energy Target 112 RIN Regulatory Information Notice 113 RIS Regulatory Impact Statement 114 RIT-D Regulatory Investment Test – Distribution 115 ROLR Retailer of Last Resort 116 Rules National Electricity Rules 117 SAIDI System Average Interruption Duration Index 118 SAIFI System Average Interruption Frequency Index 119 SCADA Supervisory Control and Data Acquisition 120 SCONRRR Steering Committee on National Regulatory Reporting Requirements 121 SEC State Electricity Commission of Victoria 122 SECV State Electricity Commission of Victoria 123 SEPPs State Environment Protection Policies 124 Silk Telecom Silk Telecom Pty Ltd (ACN 095 420 616) 125 SKM Sinclair Knight Merz 126 SOO Statement of Opportunities 127 SoRI Statement of Regulatory Intent 128 STPIS Service Target Performance Incentive Scheme 129 SWER Single Wire Earth Return 130 TCPR Transmission Connection Planning Report 131 TMR Trunk Mobile Radio 132 TNSP Transmission Network Service Provider 133 TUoS Transmission Use of System 134 URD Underground Residential Developments 135 USAIDI Unplanned System Average Interruption Duration Index 136 VCR Value of Customer Reliability 137 VEECs Victorian Energy Efficiency Certificates 138 VEET Victorian Energy Efficiency Target 139 VF Voice Frequency 140 VoIP Voice over Internet Protocol 141 WACC Weighted Average
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