AER - CitiPower distribution determination - 2019 return on debt update - PTRM - September 2018

In line with our final decision on CitiPower's electricity distribution network, we have updated CitiPower's return on debt for 2019 under NER cl. 6.5.2(l).

As a result of this update, the return on debt for 2019 is 5.23 per cent. This results in an X-factor for 2019 of –0.12 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.