The AER has determined that the 26 August–4 September 2024 storm met the definition of a natural disaster pass through event, and that the incremental costs meet the materiality threshold for a positive change event. The AER has approved a positive pass through amount of $4.19 million ($nominal, smoothed) to be recovered in the last three years of the 2024–29 regulatory control period as follows: 

• $1.06 million to be recovered in 2026–27
• $1.73 million to be recovered in 2027–28
• $1.40 million to be recovered in 2028–29.

While assessing the application, the AER also took into account the findings of TasNetworks’ independent post-incident review and the Tasmanian Government’s independent Network Outage Review, and is satisfied that TasNetworks did not do, or fail to do, anything that contributed to the occurrence of the pass through event or the magnitude of the costs incurred.