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Session 1 - EICSI - Tom Hird presentation - February 2022

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Evidence session

Step

As part of our stakeholder engagement on the 2022 Rate of Return Instrument we held evidence sessions to hear expert opinions about the proposed instrument. We called for nominations of eligible experts and also considered whether there are other expert opinions that can inform our decision. The Evidence Sessions were held in four 2.5 hour sessions across two separate days, 10 and 17 February 2022.

The topics covered and the related experts 
Session number Session date Session time (AEDT) Topics to be covered Experts
1 10 February 2022 9:30 am to 12 noon

Energy Infrastructure Credit
Spread Index (EICSI)

Equity beta
  • Glenn Boyle
  • Jim Hancock
  • Tom Hird
  • Dinesh Kumareswaran
  • Martin Lally
2 10 February 2022 1:30 to 4 pm

Term of rate of return

Weighted trailing average
  • Glenn Boyle
  • Jim Hancock
  • Tom Hird
  • Dinesh Kumareswaran
  • Martin Lally
  • Graham Partington
3 17 February 2022 9:30 am to 12:30 pm Market Risk Premium
  • Glenn Boyle
  • Toby Brown
  • Dinesh Kumareswaran
  • Martin Lally
  • Jonathan Mirrlees-Black
  • Graham Partington
4 17 February 2022 2:00 to 4:30 pm

Cross-checks

Overall rate of return
  • Glenn Boyle
  • Toby Brown
  • Jim Hancock
  • Dinesh Kumareswaran
  • Jonathan Mirrlees-Black
  • Graham Partington

A detailed agenda for each session is available below. The sessions were closed to allow detailed and natural discussion between the AER Board and the participating experts.

A meeting note from the experts conclave held on 27 January 2022 is available below as well as additional questions received from stakeholders for consideration.

Authors

Tom Hird

Author