Government Trading Enterprises Performance Indicators 1992-93 To
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United Energy & Multinet
8th December, 2011 Consolidated Rule Request - National Electricity Amendment (Economic Regulation of Network Service Providers) Rule 2011 1 Table of Contents 1 Introduction and overview of submission ................................................................................... 3 2 Proposed changes to the framework for expenditure forecasts ................................................ 7 3 Capital expenditure incentives ................................................................................................. 12 4 Excluding related party margins from the RAB ........................................................................ 14 5 Introducing new incentive schemes ......................................................................................... 15 6 Treatment of shared assets ..................................................................................................... 16 7 Determination of the rate of return ........................................................................................... 19 8 Debt risk premium – Energy Users Rule Change Committee ................................................. 24 Submission to AEMC_AER Rule Change 8th December, 2011 2 1 Introduction and overview of submission 1.1 This document is a joint submission lodged by United Energy (UE) and Multinet Gas (MG) in response to recent Rule change proposals from the AER and the Energy Users Rule Change Committee (EURCC). 1.2 To provide context for this submission, it is noted that: UE provides electricity distribution -
Appendix D: Principal Power Stations in Australia
D Appendix D––Principal power stations in Australia 1.1 See table on next page 142 BETWEEN A ROCK AND A HARD PLACE Principal Power Stations in Australia State Name Operator Plant Type Primary Fuel Year of Capacity Commissioning (MW) NSW Eraring Eraring Energy Steam Black coal 1982-84 2,640.0 NSW Bayswater Macquarie Generation Steam Black coal 1982-84 2,640.0 NSW Liddell Macquarie Generation Gas turbines Oil products 1988 50.0 Macquarie Generation Steam Black coal 1971-73 2,000.0 NSW Vales Point B Delta Electricity Steam Black coal 1978 1,320.0 NSW Mt Piper Delta Electricity Steam Black coal 1992-93 1,320.0 NSW Wallerawang C Delta Electricity Steam Black coal 1976-80 1,000.0 NSW Munmorah Delta Electricity Steam Black coal 1969 600.0 NSW Shoalhaven Eraring Energy Pump storage Water 1977 240.0 NSW Smithfield Sithe Energies Combined cycle Natural gas 1997 160.0 NSW Redbank National Power Steam Black coal 2001 150.0 NSW Blowering Snowy Hydro Hydro Water 1969 80.0 APPENDIX D––PRINCIPAL POWER STATIONS IN AUSTRALIA 143 NSW Hume NSW Eraring Energy Hydro Water 1957 29.0 NSW Tumut 1 Snowy Hydro Hydro Water 1973 1,500.0 NSW Murray 1 Snowy Hydro Hydro Water 1967 950.0 NSW Murray 2 Snowy Hydro Hydro Water 1969 550.0 NSW Tumut 2 Snowy Hydro Hydro Water 1959 329.6 NSW Tumut 3 Snowy Hydro Hydro Water 1962 286.4 NSW Guthega Snowy Hydro Hydro Water 1955 60.0 VIC Loy Yang A Loy Yang Power Steam Brown coal 1984-87 2,120.0 VIC Hazelwood Hazelwood Power Steam Brown coal 1964-71 1,600.0 Partnership VIC Yallourn W TRU Energy Steam Brown coal 1973-75 1,480.0 1981-82 -
Regulation of New South Wales Electricity Distribution Networks
REGULATION OF NEW SOUTH WALES ELECTRICITY DISTRIBUTION NETWORKS Determination and Rules Under the National Electricity Code December 1999 I NDEPENDENT P RICING AND REGULATORY T RIBUNAL OF N EW S OUTH W ALES I NDEPENDENT P RICING AND R EGULATORY T RIBUNAL OF N EW S OUTH W ALES REGULATION OF NEW SOUTH WALES ELECTRICITY DISTRIBUTION NETWORKS Determination and Rules Under the National Electricity Code December 1999 National Electricity Code Determination 99-1 December 1999 2 The Tribunal members for this review are: Dr Thomas G Parry, Chairman Mr James Cox, Full time member This publication comprises two documents: The Tribunal's determination on Regulation of New South Wales Electricity Distribution Networks under the National Electricity Code Rules made by the Tribunal under clause 9.10.1(f) of the National Electricity Code Inquiries regarding this publication should be directed to: Scott Young (02) 9290 8404 [email protected] Anna Brakey (02) 9290 8438 [email protected] Eric Groom (02) 9290 8475 [email protected] Independent Pricing and Regulatory Tribunal of New South Wales Level 2, 44 Market Street Sydney NSW 2000 (02) 9290 8400 Fax (02) 9290 2061 www.ipart.nsw.gov.au All correspondence to: PO Box Q290, QVB Post Office, NSW 1230 Determination Under the National Electricity Code December 1999 I NDEPENDENT P RICING AND REGULATORY T RIBUNAL OF N EW S OUTH W ALES 4 TABLE OF CONTENTS FOREWORD i EXECUTIVE SUMMARY iii SUMMARY OF DETERMINATION vii GLOSSARY OF ACRONYMS AND TERMS xix 1 INTRODUCTION 1 1.1 The -
For Personal Use Only Use Personal For
To Company Announcements Office Facsimile 1300 135 638 Company ASX Limited Date 15 March 2011 From Helen Hardy Pages 7 ORIGIN ANNOUNCES $2.3 BILLION PRO RATA RENOUNCEABLE ENTITLEMENT Subject OFFER Please find attached a release on the above subject. Regards Helen Hardy Company Secretary 02 8345 5023 – [email protected] For personal use only Origin Energy Limited ACN 000 051 696 • Lvl 45 Australia Square, 264-278 George Street, Sydney NSW 2000 GPO Box 5376, Sydney NSW 2001 • Telephone (02) 8345 5000 • Facsimile (02) 9252 1566 • www.originenergy.com.au ASX/Media Release 15 March 2011 NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES Origin announces $2.3 billion pro rata renounceable entitlement offer Origin Energy Limited (“Origin”) today announced a fully underwritten 1 for 5 pro rata renounceable entitlement offer of new Origin ordinary shares (“New Shares”) at an offer price of $13.00 per New Share (“Offer Price”) to raise approximately $2.3 billion (“Entitlement Offer”). Proceeds from the Entitlement Offer will be applied to refinance part of the debt used to fund the $3.26 billion1 acquisition of the Integral Energy and Country Energy retail businesses and the Eraring GenTrader arrangements, which completed on 1 March 2011, and to strengthen Origin’s balance sheet for investment in other growth opportunities. • 1 for 5 fully underwritten pro rata renounceable Entitlement Offer to raise approximately $2.3 billion • Offer Price of $13.00 per New Share • Institutional Entitlement Offer is accelerated • Retail Entitlements may be traded on ASX Origin Chairman Mr Kevin McCann said, “The Entitlement Offer provides eligible Origin shareholders with an opportunity to participate in, and benefit from, the future growth of Origin. -
Financial Performance of Government Trading Enterprises, 1994-95 to 1998-99, Performance Monitoring, Ausinfo, Canberra
)LQDQFLDO 3HUIRUPDQFH RI *RYHUQPHQW 7UDGLQJ (QWHUSULVHV 3HUIRUPDQFH WR 0RQLWRULQJ July 2000 Commonwealth of Australia 1999 ISBN 1 74037 005 8 This work is subject to copyright. Apart from any use as permitted under the Copyright Act 1968, the work may be reproduced in whole or in part for study or training purposes, subject to the inclusion of an acknowledgment of the source. Reproduction for commercial use or sale requires prior written permission from AusInfo. Requests and inquiries concerning reproduction and rights should be addressed to the Manager, Legislative Services, AusInfo, GPO Box 1920, Canberra, ACT, 2601. Inquiries: Media and Publications Productivity Commission Locked Bag 2 Collins Street East Post Office Melbourne Vic 8003 Tel: (03) 9653 2244 Fax: (03) 9653 2303 Email: [email protected] An appropriate citation for this paper is: Productivity Commission 2000, Financial Performance of Government Trading Enterprises, 1994-95 to 1998-99, Performance Monitoring, AusInfo, Canberra. The Productivity Commission The Productivity Commission, an independent Commonwealth agency, is the Government’s principal review and advisory body on microeconomic policy and regulation. It conducts public inquiries and research into a broad range of economic and social issues affecting the welfare of Australians. The Commission’s independence is underpinned by an Act of Parliament. Its processes and outputs are open to public scrutiny and are driven by concern for the wellbeing of the community as a whole. Information on the Productivity Commission, its publications and its current work program can be found on the World Wide Web at www.pc.gov.au or by contacting Media and Publications on (03) 9653 2244. -
NZMT-Energy-Report May 2021.Pdf
Acknowledgements We would like to thank Monica Richter (World Wide Fund for Nature and the Science Based Targets Initiative), Anna Freeman (Clean Energy Council), and Ben Skinner and Rhys Thomas (Australian Energy Council) for kindly reviewing this report. We value the input from these reviewers but note the report’s findings and analysis are those of ClimateWorks Australia. We also thank the organisations listed for reviewing and providing feedback on information about their climate commitments and actions. This report is part of a series focusing on sectors within the Australian economy. Net Zero Momentum Tracker – an initiative of ClimateWorks Australia with the Monash Sustainable Development Institute – demonstrates progress towards net zero emissions in Australia. It brings together and evaluates climate action commitments made by Australian businesses, governments and other organisations across major sectors. Sector reports from the project to date include: property, banking, superannuation, local government, retail, transport, resources and energy. The companies assessed by the Net Zero Momentum Tracker represent 61 per cent of market capitalisation in the ASX200, and are accountable for 61 per cent of national emissions. Achieving net zero emissions prior to 2050 will be a key element of Australia’s obligations under the Paris Agreement on climate (UNFCCC 2015). The goal of the agreement is to limit global temperature rise to well below 2 degrees Celsius above pre-industrial levels and to strive for 1.5 degrees. 2 Overall, energy sector commitments are insufficient for Australia to achieve a Paris-aligned SUMMARY transition to net zero. Australia’s energy sector This report finds none of the companies assessed are fully aligned with the Paris climate goals, and must accelerate its pace of most fall well short of these. -
The Financial Performance of Australian Government Trading Enterprises Pre- and Post-Reform*
The Financial Performance of Australian Government Trading Enterprises Pre- and Post-Reform* Joanne Loundes Melbourne Institute of Applied Economic and Social Research The University of Melbourne Melbourne Institute Working Paper No. 5/01 ISSN 1328-4991 ISBN 0 7340 1508 9 May 2001 *This paper is the result of work being undertaken as part of a collaborative research program entitled ‘The Performance of Australian Enterprises: Innovation, Productivity and Profitability’. The project is supported by the Australian Research Council and the following collaborative partners: Australian Tax Office, Commonwealth Office of Small Business, IBIS Business Information Pty Ltd., Productivity Commission, and Victorian Department of State Development. The views expressed in this paper represent those of the author and not necessarily the views of the collaborative partners. I should like to thank John Creedy, Bernard Rohan, Beth Webster and Mark Harris for their assistance and comments. All remaining errors are those of the author. Melbourne Institute of Applied Economic and Social Research The University of Melbourne Victoria 3010 Australia Telephone (03) 8344 3701 Fax (03) 8344 5630 Email [email protected] WWW Address http://www.melbourneinstitute.com Abstract During the 1990s there were several measures introduced to improve the efficiency and financial performance of government trading enterprises in Australia. The purpose of this paper is to discover whether there has been any change in the financial performance of government trading enterprises operating in electricity, gas, water, railways and ports industries as a result of these changes. There does not appear to have been a noticeable enhancement in the financial performance of most of these businesses, although railways have improved slightly, from a low base. -
NSW CLIMATE CHANGE FUND Annual Report 2007-2008
NSW CLIMATE CHANGE FUND Annual Report 2007-2008 Add sub heading here Cover photographs: 1 Nalawala Community Hall. Photo courtesy of Fairfield City Council 2 Annette and Keegan Bowen. Photo Adam McLean/FAIRFAXPHOTOS.COM 3 Centennial Park stormwater harvesting. Photo Courtesy of Centennial Parklands 4 Liddell Power Station. Photo courtesy of Macquarie Generation Published by Department of Environment and Climate Change NSW 59–61 Goulburn Street PO Box A290 Sydney South 1232 Ph: (02) 9995 5000 (switchboard) Ph: 131 555 (environment information and publications requests) Ph: 1300 361 967 (national parks information and publications requests) Fax: (02) 9995 5999 TTY: (02) 9211 4723 Email: [email protected] Website: www.environment.nsw.gov.au DECC 2008/626 ISSN 1836-5310 December 2008 Printed on 100% recycled paper, ISO 14001 certified © Copyright State of NSW and the Department of Environment and Climate Change NSW 2008 The Department of Environment and Climate Change NSW and the State of NSW are pleased to allow this material to be reproduced in whole or in part, provided the meaning is unchanged and its source, publisher and authorship are acknowledged. Contents Minister’s foreword ii Executive summary iii Introduction 1 < What is the NSW Climate Change Fund? 3 Taking action 5 < Overview 6 < NSW Homes taking action 7 < NSW Communities taking action 10 < NSW Governments and schools taking action 11 < NSW Business taking action 15 Performance by program 19 < Summary of program performance 20 < Residential Rebate Program 22 < Green -
Colongra Power Station
COLONGRA POWER STATION CENTRAL COAST I NEW SOUTH WALES “ SUCCESSFUL COMPLETION OF COLONGRA POWER STATION IS A TESTAMENT TO THE STRONG WORKING RELATIONSHIP BETWEEN DELTA ELECTRICITY AND OUR MAJOR SUPPLIERS ALSTOM AND JEMENA” FROM THE MINISTER It is with great pride that Colongra Power Station Most importantly, this 667MW peaking plant secures the future is declared open today. energy needs of NSW. On very hot days, or very cold days, our homes, offi ces, schools and hospitals will have suffi cient Colongra Power Station is part of the NSW power to operate without disruption. Government’s plan to secure our long term energy future and is the largest gas generation plant This is a major piece of essential state infrastructure that in NSW. has been delivered on-time and on-budget thanks to a lot of hard work. It forms part of the Government’s strategy to move away from emissions intensive technologies to more sustainable fuel sources. Congratulations to all the workers involved in this project, and In fact, Colongra Power Station will produce 40% less emissions to the community that has supported the development of this than an equivalent coal fi red plant. important piece of infrastructure. Hundreds of people worked on the Colongra project including The Honourable John Robertson MLC many local businesses and the NSW Government is proud to Minister for Energy support jobs across NSW with projects like this one. FROM THE CHAIRMAN With the opening of Colongra Power Station today, Colongra Power Station has been constructed using the most “ WITH THE OPENING OF Delta Electricity becomes the largest electricity innovative gas electricity generation methods and equipment. -
Issues in Relation to the Availability and Use of Asset, Expenditure and Related Information for Australian Electricity and Gas Distribution Businesses
Australian Energy Market Commission Issues in relation to the Availability and Use of Asset, Expenditure and Related Information for Australian Electricity and Gas Distribution Businesses August 2009 This report contains 124 pages Network Advisory Services Issues in relation to the Availability and Use of Asset, Expenditure and Related Information for Australian Electricity and Gas Distribution Businesses August 2009 Contents 1 Executive Summary 2 2 Introduction 7 3 Australian Electricity and Gas Distribution Businesses 12 4 Asset Age Profile Information 23 5 Available Expenditure Information 46 6 Factors Affecting Quality and Comparability of Historic Expenditure Information 70 7 Expenditure Drivers and Interactions 84 8 Other Options Available to AER for Sourcing Information 97 AEMC09 TFP Report FINAL 110809 1 Network Advisory Services Issues in relation to the Availability and Use of Asset, Expenditure and Related Information for Australian Electricity and Gas Distribution Businesses August 2009 1 Executive Summary The Australian Energy Market Commission (AEMC) is currently assessing a proposed Rule Change submitted by the Victorian Government, which seeks to allow the Australian Energy Regulator (AER) to use Total Factor Productivity analysis (TFP) as an economic regulation methodology to be applied to electricity distribution businesses. In order to inform its assessment, the AEMC is undertaking a review of the use of TFP for electricity and natural gas distribution businesses and released a Framework and Issues Paper on 12 December 2008, which was followed by a public forum in February 2009. The AEMC has engaged Network Advisory Services to investigate what publicly available expenditure and asset information exists for Australian electricity and gas distribution businesses. -
BP4 State Capital Programs
t\IEW SOUTH WALES STATE CAPITAL PR RAM 1994-95 Budget Paper No. 4 CONTENTS Page 1. STATE CAPITAL PROGRAM 1.1 OVERVIEW .............................................. 1 1.2 EXPENDITURE TRENDS ............................... 2 1.3 1994-95 PROGRAM ...................................... 5 2. NONBUDGETSECTORPROGRAM 2.1 OVERVIEW . 9 2.2 EXPENDITURE TRENDS . 10 2.3 1994-95 PROGRAM . .. .. ... ... ........ ..... .... .. .... 13 3. CAPITAL PROJECTS 3.1 INTRODUCTION . .. 17 3.2 BUDGET SECTOR CAPITAL PROJECTS (incl. agency index) . 19 3.3 NON BUDGET SECTOR CAPITAL PROJECTS (incl. agency index) .. .. .. .. .. .. .. .. .. .. .. .. .. .. 85 1. STATE CAPITAL PROGRAM 1.1 OVERVIEW The State capital program comprises capital payments of both the Budget and Non Budget sectors. Budget Sector capital payments include both gross fixed capital payments (purchase and construction of assets) and capital grants and advances made to Non Budget Sector agencies and to non State organisations. This is consistent with the Government Finance Statistics presentation of the overall Budget. Similarly, the Non Budget Sector includes in its capital payments, expenditure funded by grants provided by the Budget Sector. When data is presented for the total State capital program, the double count is eliminated. This Budget Paper provides specific information on the overall State capital program and the Non Budget Sector component of the overall program. As well, detailed project information is provided on major works for both the Budget and Non Budget sectors. Information on -
Future Trends in Power Systems Non-Network Options and Demand
Future Trends in Power Systems A Short Course in honour of Professor David Hill Monday 12 October 2009, University of Sydney Non-Network Options and Demand Side Response for Network Support – TransGrid’s Experience Dr Ashok Manglick Group Manager/Strategic Projects, TransGrid Outline TNSPs and DSR TransGrid’s Approach to Demand Response . Regulatory Framework for TNSPs . The Planning process Case Study: Acquisition of 350MW of network support for summer 2008/09 Future projects Questions and Discussion TransGrid’s Network Queensland New South Wales energyAustralia Country Energy 500 kV Integral Energy 500 @ 330 330 kV 220 kV 132 kV A.C.T. T1 Distributor Boundary Victoria Power Station ACTEW/ Major Snowy AGL Substation Scale 0 100 km TRANSGRID’S CUSTOMERS Other TNSPs Large Industrials Snowy Delta Electricity energyAustralia Macquarie Integral TransGrid Energy Generation Country Energy Eraring Energy ACTEW/AGL Generation Transmission Distribution Consumers Authorities DSR for TNSPs Eliciting demand side response in terms of reducing peak electricity demand, changing energy usage to other forms of energy sources and/or installing embedded generation to meet part customer peak electricity demand. Common DSR/DSM Practices Load control- shift load to off peak Embedded generation Interruptible loads Industrial co-generation Power factor correction Shift to alternative energy sources – wind, gas etc. TransGrid’s Demand Side Initiatives . Exploring & contracting Non-Network Options, where prudent and efficient . International Participation: IEA and CIGRE (via C6 Australian Panel) . State wide Demand Management Participation . Working with all NSW Distributors on Innovation in Demand Management Exploring Non-Network Options For major network augmentations TransGrid publishes: . Annual Planning Report . “Needs Statement” for each constraint describing the nature of constraints .