On 23 December 2005 GasNet lodged an application under section 8.21 of the Gas Code seeking the ACCC’s agreement that forecast capital expenditure (New Facilities Investment) to extend the Southwest pipeline from Lara to Brooklyn will meet the requirements of s. 8.16(a) of the Gas Code. The effect of such an agreement would be to bind the ACCC’s decision when it considers revisions to GasNet’s Access Arrangement in 2007.
The ACCC issued a draft decision on 5 April 2006.
The ACCC on 6 June 2006 issued a final decision approving an amount of of $61.7m and the provision for an additional allowance for financing costs, under s. 8.16(a) under the Gas Code. A copy of the final decision is attached.