NECG Analysis of the weighted average cost of capital for ElectraNet SA - 11 April 2002

On 16 April 2002 ElectraNet SA lodged a revenue cap application (including an NECG report on WACC) for a period of 5 ½ years from 1 January 2003 to 30 June 2008. On 9 May 2002 ElectraNet SA made a supplementary submission in relation to easement value as part of its application.