AER - AGN (Victoria and Albury) - Post Tax Revenue Model - 2021 Return on debt update - October 2020

In line with our final decision on AGN's gas distribution network, we have updated AGN's return on debt for 2021. As a result of this update, the return on debt for 2021 is 4.31 per cent. This results in an X-factor for 2021 of -0.29 per cent. Holding other things constant, a positive X-factor implies a real revenue decrease and a negative X-factor implies a real revenue increase. The revised PTRM shows the updated X-factor.