Overview

Draft decision

On 27 November 2014, we released our draft decision on the JGN's access arrangement for the 2015-20 access arrangement period.

We also released a Fact Sheet on our review of JGN's proposal, to accompany and summarise our draft decision. The purpose of this Fact Sheet is to make our decision accessible to a wide ranging consumer audience.

AER Rate of return - Fact sheet - November 2014 View details

AER Rate of return - Fact sheet - November 2014.DOCX
DOCX (94.01KB)
AER Rate of return - Fact sheet - November 2014.pdf
PDF (238.63KB)
Authors
AER
Content type
Document

AER - Draft decision Jemena Gas Networks access arrangement - Fact sheet - November 2014 View details

AER - Draft decision Jemena Gas Networks access arrangement - Fact sheet - November 2014_0.DOCX
DOCX (211.56KB)
AER - Draft decision Jemena Gas Networks access arrangement - Fact sheet - November 2014.pdf
PDF (313.14KB)
Authors
AER
Content type
Document

AER - Draft decision - Jemena Gas Networks Access arrangement - Overview - November 2014 View details

AER - Draft decision Jemena Gas Networks Access arrangement - Overview - November 2014.DOCX
DOCX (363.8KB)
AER - Draft decision Jemena Gas Networks Access arrangement - Overview - November 2014.pdf
PDF (1.19MB)
Authors
AER
Content type
Document

AER - Draft decision Jemena Gas Networks Access Arrangement - Attachment 1 - Services covered by the access arrangement - November 2014 View details

AER - Draft decision Jemena Gas Networks Access Arrangement - Attachment 1 - Services covered by the access arrangement - November 2014_2.DOCX
DOCX (128.26KB)
AER - Draft decision Jemena Gas Networks Access Arrangement - Attachment 1 - Services covered by the access arrangement - November 2014.pdf
PDF (109.26KB)
Authors
AER
Content type
Document

AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 2 - Capital base - November 2014 View details

AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 2 - Capital base - November 2014_2.DOCX
DOCX (165.17KB)
AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 2 - Capital base - November 2014.pdf
PDF (167.72KB)
Authors
AER
Content type
Document

AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 3 - Rate of Return - November 2014 View details

AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 3 - Rate of Return - November 2014_0.DOCX
DOCX (1.91MB)
AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 3 - Rate of Return - November 2014.DO_.pdf
PDF (4.24MB)
Authors
AER
Content type
Document

AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 4 - Value of imputation credits - November 2014 View details

AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 4 - Value of imputation credits - November 2014.DOCX
DOCX (945.29KB)
AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 4 - Value of imputation credits - November 2014.pdf
PDF (1.1MB)
Authors
AER
Content type
Document

AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 5 - Regulatory depreciation - November 2014 View details

AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 5 - Regulatory depreciation - November 2014.DOCX
DOCX (151.33KB)
AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 5 - Regulatory depreciation - November 2014.pdf
PDF (179.71KB)
Authors
AER
Content type
Document

AER - Draft decision Jemena Gas Networks Access Arrangement - Attachment 6 - Capital expenditure - November 2014 View details

AER - Draft decision Jemena Gas Networks Access Arrangement - Attachment 6 - Capital expenditure - November 2014..DOCX
DOCX (297.61KB)
AER - Draft decision Jemena Gas Networks Access Arrangement - Attachment 6 - Capital expenditure - November 2014.pdf
PDF (1013.83KB)
Authors
AER
Content type
Document

AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 7 - Operating expenditure - November 2014 View details

AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 7 - Operating expenditure - November 2014.DOCX
DOCX (270.82KB)
AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 7 - Operating expenditure - November 2014.pdf
PDF (1.12MB)
Authors
AER
Content type
Document

AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 8 - Corporate income tax - November 2014 View details

AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 8 - Corporate income tax - November 2014.DOCX
DOCX (141.19KB)
AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 8 - Corporate income tax - November 2014.pdf
PDF (127.84KB)
Authors
AER
Content type
Document

AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 9 - Efficiency carryover mechanism - November 2014 View details

AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 9 - Efficiency carryover mechanism - November 2014.DOCX
DOCX (135.18KB)
AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 9 - Efficiency carryover mechanism - November 2014.pdf
PDF (426.65KB)
Authors
AER
Content type
Document

AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 10 - Tariff setting - November 2014 View details

AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 10 - Tariff setting - November 2014.DOCX
DOCX (150.83KB)
AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 10 - Tariff setting - November 2014.pdf
PDF (164.75KB)
Authors
AER
Content type
Document

AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 11 - Tariff variation mechanism - November 2014 View details

AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 11 - Tariff variation mechanism - November 2014.DOCX
DOCX (212.14KB)
AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 11 - Tariff variation mechanism - November 2014.pdf
PDF (240.25KB)
Authors
AER
Content type
Document

AER - Draft decision - Jemena Gas Networks Access arrangement - Attachment 12 - non-tariff components - November 2014

Authors
AER
Content type
Document

AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 13 - Demand - November 2014 View details

AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 13 - Demand - November 2014.pdf
PDF (165.9KB)
AER - Draft decision Jemena Gas Networks Access arrangement - Attachment 13 - Demand - November 2014.DOCX
DOCX (148.12KB)
Authors
AER
Content type
Document

Models

The AER must publish certain models with its draft decision for JGN.

AER - Jemena Gas Networks - total revenue - draft decision - Revenue model (public) - November 2014.XLSB

Authors
AER
Content type
Document

AER - Jemena Gas Networks - Return on debt model - Draft decision - Adjustments to RBA and BVAL curves - Illustrative example - November 2014

Authors
AER
Content type
Document

Consultant reports

The AER commissioned a report from Deloitte Access Economics on labour cost escalation, and Professor John Handley on the value of imputation credits.

Deloitte Access Economics – Forecast growth in labour costs for NSW Tasmania and the ACT – 24 July 2014

Authors
Deloitte Access Economics (DAE)
Content type
Document

Deloitte Access Economics - JGN demand Final report - 24 November 2014

Authors
Deloitte Access Economics (DAE)
Content type
Document

Dr Martin Lally – Implementation issues for the cost of debt – 20 November 2014

Authors
Dr Martin Lally
Content type
Document

John C. Handley – Advice on the Value of Imputation Credits – 29 September 2014

Authors
John C Handley
Content type
Document

Dr Martin Lally – Implementation issues for the cost of debt – Final report - November 2014

Authors
Dr Martin Lally
Content type
Document

Michael McKenzie & Graham Partington – Report to the AER, Part A-Return on Equity – October 2014

Authors
Graham Partington
Michael McKenzie
Content type
Document

Olan Henry – Estimating Beta – An update – April 2014

Authors
Olan T Henry
Content type
Document

ACCC Regulatory Economic Unit, Return on debt estimation, a review of the alternative third party data series - Report for the AER - August 2014

Authors
Australian Competition and Consumer Commission (ACCC)
Content type
Document

John C. Handley – Advice on the Return on Equity – 16 October 2014

Authors
John C Handley
Content type
Document

Dr Martin Lally – Transitional arrangements for the cost of debt – 24 November 2014

Authors
Dr Martin Lally
Content type
Document

Stakeholder forum

On 27 November 2014, the AER published its draft decision for JGN's access arrangement for the 2015-20 access arrangement period.

We held a pre-determination conference on 8 December 2014 in Sydney to explain first hand to stakeholders our draft decision and what it means. The presentations made in this conference are available below.

NSW pre-determination conference - AER presentation on Jemena Gas Networks draft decision - 8 December 2014

Authors
AER
Content type
Document

NSW pre-determination conference - CCP sub-panel 7 presentation on Jemena Gas Networks draft decision - 8 Dec 2014

Authors
Consumer Challenge Panel (CCP)
Content type
Document

NSW pre-determination conference - Jemena Gas Networks presentation on AER draft decision - 8 December 2014

Authors
Jemena Gas Networks (NSW) Ltd (JGN)
Content type
Document

Submissions - on AER's draft decision

-

The AER sought submissions from interested stakeholders for consideration in making its draft decision on the proposal. Submissions closed on 27 March 2015.

CitiPower and Powercor - Submission on NSW ACT and TAS draft decisions - 6 February 2015

Authors
Powercor Australia
CitiPower
Content type
Document

SA Power Networks - Submission on NSW ACT and TAS draft decisions - 6 February 2015

Authors
SA Power Networks
Content type
Document

United Energy - Submission on NSW ACT and TAS draft decisions - 6 February 2015

Authors
United Energy Distribution
Content type
Document

Australian Gas Networks - Submission on NSW ACT and TAS draft decisions - 13 February 2015

Authors
Australian Gas Networks Limited (AGN)
Content type
Document

United Energy - Submission on NSW ACT and TAS draft decisions - Incenta (Further update on the required RoE) - 13 February 2015

Authors
Incenta Economic Consulting
Content type
Document

United Energy - Submission on NSW ACT and TAS draft decisions - NERA (Historical Estimates of the Market Risk Premium) - 13 February 2015

Authors
NERA Economic Consulting
Content type
Document

United Energy - Submission on NSW ACT and TAS draft decisions - SFG (Share prices dividend discount model and the cost of equity) - 13 February 2015

Authors
Strategic Finance Group (SFG Consulting)
Content type
Document

United Energy - Submission on NSW ACT and TAS draft decisions - SFG (Using the Fama French model to estimate RoE) - 13 February 2015

Authors
Strategic Finance Group (SFG Consulting)
Content type
Document

United Energy - Submission on NSW ACT and TAS draft decisions - SFG (Beta and the Black Capital Asset Pricing Model) - 13 February 2015

Authors
Strategic Finance Group (SFG Consulting)
Content type
Document

United Energy - Submission on NSW ACT and TAS draft decisions - NERA (Empirical Performance of Sharpe-Lintner and Black CAPMs) - 13 February 2015

Authors
NERA Economic Consulting
Content type
Document

United Energy - Submission on NSW ACT and TAS draft decisions - SFG (RoE for the benchmark efficient entity) - 13 February 2015

Authors
Strategic Finance Group (SFG Consulting)
Content type
Document

Ergon - Submission on draft decision NSW & ACT DNSP & Ors - cover letter - 13 Feb 2015

Authors
Ergon Energy
Content type
Document

Ergon - Submission on draft decision NSW & ACT DNSP & Ors - 13 Feb 2015

Authors
Ergon Energy
Content type
Document

Ergon - Submission on draft decision NSW & ACT DNSP & Ors - Att 1 SFG Fama-French three factor model - 13 February 2015

Authors
Strategic Finance Group (SFG Consulting)
Content type
Document

Ergon - Submission on draft decision NSW & ACT DNSP & Ors - Att 2 SFG Sharpe-Lintner and Black CAPMs - 13 February 2015

Authors
Strategic Finance Group (SFG Consulting)
Content type
Document

Ergon - Submission on draft decision NSW & ACT DNSP & Ors - Att 3 SFG Dividend discount model - 13 February 2015

Authors
Strategic Finance Group (SFG Consulting)
Content type
Document

Ergon - Submission on draft decision NSW & ACT DNSP & Ors - Att 4 SFG Overall cost of equity - 13 February 2015

Authors
Strategic Finance Group (SFG Consulting)
Content type
Document

Ergon - Submission on draft decision NSW & ACT DNSP & Ors - Att 5 Incenta Independent expert reports - 13 Feb 2015

Authors
Incenta Economic Consulting
Content type
Document

Ergon - Submission on draft decision NSW & ACT DNSP & Ors - Att 6 NERA Historical MRP - 13 Feb 2015

Authors
NERA Economic Consulting
Content type
Document

Ergon - Submission on draft decision NSW & ACT DNSP & Ors - Att 7 NERA Cost of Equity - 13 Feb 2015

Authors
NERA Economic Consulting
Content type
Document

Ergon - Submission on draft decision NSW & ACT DNSP & Ors - Att 8 Synergies Benchmarking in regulation - 13 Feb 2015

Authors
Synergies Economic Consulting
Content type
Document

Ergon - Submission on draft decision NSW & ACT DNSP & Ors - Att 9 Huegin Benchmarking Ergon - 13 Feb 2015

Authors
Huegin Consulting
Content type
Document

Ergon - Submission on draft decision NSW & ACT DNSP & Ors - Att 11 EY RIN Data Review - 13 Feb 2015

Authors
Ernst & Young
Content type
Document

Ergon - Submission on draft decision NSW & ACT DNSP & Ors - Att 12 Frontier Heterogeneity in benchmarking - 13 Feb 2015

Authors
Frontier Economics
Content type
Document

Ergon - Submission on draft decision NSW & ACT DNSP & Ors - Att 13 Huegin Latent classes - 13 Feb 2015

Authors
Huegin Consulting
Content type
Document

Ergon - Submission on draft decision NSW & ACT DNSP & Ors - Att 14 PWC Letter on OHS differences (public) - 13 Feb 2015

Authors
Price Waterhouse Coopers (PWC)
Content type
Document

Public Interest Advocacy Centre - Submission on JGN draft decision - 23 March 2015

Authors
Public Interest Advocacy Centre (PIAC)
Content type
Document

Ethnic Communities Council of NSW - Submission on JGN draft decision - 26 March 2015

Authors
Ethnic Communities' Council of NSW Inc (ECC NSW)
Content type
Document

JGN - Submission on JGN draft decision - Cover letter - JGN submission on AER 2015-20 AA draft decision - 27 March 2015

Authors
Jemena Gas Networks (NSW) Ltd (JGN)
Content type
Document

JGN - Submission on JGN draft decision - Attachment A JGN Customer Council Meeting 2015 - draft Minutes - 27 March 2015

Authors
Jemena Gas Networks (NSW) Ltd (JGN)
Content type
Document

JGN - Submission on JGN draft decision - Attachment B CEG Return on debt expert report - 27 March 2015

Authors
Competition Economists Group (CEG)
Content type
Document

JGN - Submission on JGN draft decision - Attachment C1 SFG return on equity update - 27 March 2015

Authors
Strategic Finance Group (SFG Consulting)
Content type
Document

JGN - Submission on JGN draft decision - Attachment C2 RBA Global and domestic influences on the Australian bond market - 27 March 2015

Authors
Reserve Bank of Australia (RBA)
Content type
Document

JGN - Submission on JGN draft decision - Attachment D Estimating distribution and redemption rates from tax statistics - 27 March 2015

Authors
NERA Economic Consulting
Content type
Document

JGN - Submission on JGN draft decision - Attachment E NERA literature review of the Sharpe-Lintner CAPM, Black CAPM, and Fama-French three factor model - 27 March 2015

Authors
NERA Economic Consulting
Content type
Document

JGN - Submission on JGN draft decision - Attachment F SFG review of the AER return on equity foundation model - 27 March 2015

Authors
Strategic Finance Group (SFG Consulting)
Content type
Document

JGN - Submission on JGN draft decision - Attachment G UBS transaction costs in the hybrid transition - 27 March 2015

Authors
UBS
Content type
Document

JGN - Submission on JGN draft decision - Attachment H Economic Insights Updated productivity assessment - 27 March 2015

Authors
Economic Insights Pty Ltd
Content type
Document

JGN - Submission on JGN draft decision - Attachment I Updated revised JGN AA 2015-20 - 27 March 2015

Authors
Jemena Gas Networks (NSW) Ltd (JGN)
Content type
Document

JGN - Submission on JGN draft decision - Attachment L updated appendix 5.5 opex forecast model - 27 March 2015

Authors
Jemena Gas Networks (NSW) Ltd (JGN)
Content type
Document

JGN - Submission on JGN draft decision - Attachment M updated appendix 7.15 rate of return forecast model - 27 March 2015

Authors
Jemena Gas Networks (NSW) Ltd (JGN)
Content type
Document

JGN - Submission on JGN draft decision - Attachment N updated appendix 10.1 JGN revenue forecast model - 27 March 2015

Authors
Jemena Gas Networks (NSW) Ltd (JGN)
Content type
Document

JGN - Submission on JGN draft decision - Attachment O updated appendix 10.2 JGN reference tariffs and customer outcomes - 27 March 2015

Authors
Jemena Gas Networks (NSW) Ltd (JGN)
Content type
Document

JGN - Submission on JGN draft decision - Attachment P attachments J to O model change references - 27 March 2015

Authors
Jemena Gas Networks (NSW) Ltd (JGN)
Content type
Document

JGN - Submission on JGN draft decision - Attachment Q Confidentiality Claims - 27 March 2015

Authors
Jemena Gas Networks (NSW) Ltd (JGN)
Content type
Document

AusNet Services - Submission on JGN draft decision - 27 March 2015

Authors
AusNet Services
Content type
Document

Origin Energy - Submission on JGN draft decision - 27 March 2015

Authors
Origin Energy
Content type
Document

United Energy - Submission on JGN draft decision - ASX letter to UED - 27 March 2015

Authors
Australian Securities Exchange
Content type
Document

United Energy - Submission on JGN draft decision - ESQUANT Extrapolating corporate credit spreads - 27 March 2015

Authors
ESQUANT Statistical Consulting
Content type
Document

United Energy - Submission on JGN draft decision - Historical MRP - 27 March 2015

Authors
United Energy Distribution
Content type
Document

United Energy - Submission on JGN draft decision - NERA Sharpe-Lintner Black CAPMs - 27 March 2015

Authors
NERA Economic Consulting
Content type
Document

United Energy - Submission on JGN draft decision - NERA Redemption rates - 27 March 2015

Authors
NERA Economic Consulting
Content type
Document

United Energy - Submission on JGN draft decision - SFG Foundation model - 27 March 2015

Authors
Strategic Finance Group (SFG Consulting)
Content type
Document

Ergon Energy - Submission on JGN draft decision - cover letter - 27 March 2015

Authors
Ergon Energy
Content type
Document

Ergon Energy - Submission on JGN draft decision (supplementary) - 27 March 2015

Authors
Ergon Energy
Content type
Document

Ergon Energy - Submission on JGN draft decision - ATT2.1 SFG Overall cost of equity - 27 March 2015

Authors
Strategic Finance Group (SFG Consulting)
Content type
Document

Ergon Energy - Submission on JGN draft decision - ATT2.2 SFG Foundation model - 27 March 2015

Authors
Strategic Finance Group (SFG Consulting)
Content type
Document

Ergon Energy - Submission on JGN draft decision - ATT2.3 NERA Historical MRP - 27 March 2015

Authors
NERA Economic Consulting
Content type
Document

Ergon Energy - Submission on JGN draft decision - ATT2.4 NERA Sharpe-Lintner and Black CAPMs - 27 March 2015

Authors
NERA Economic Consulting
Content type
Document

Ergon Energy - Submission on JGN draft decision - ATT2.5 NERA Jemena Redemption Final Report - 27 March 2015

Authors
NERA Economic Consulting
Content type
Document

Ergon Energy - Submission on JGN draft decision - ATT2.6 NERA Literature Review Jemena Final SL Report - 27 March 2015

Authors
NERA Economic Consulting
Content type
Document

AGL - Submission on JGN draft decision - 30 Mar 2015

Authors
AGL
Content type
Document

Energy Markets Reform Forum - Submission on JGN draft decision - 30 March 2015

Authors
The Energy Markets Reform Forum (EMRF)
Content type
Document

Late submissions

The following are late submissions and will not being considered.

AER - Letter to JGN - late submission - 17 April 2015

Authors
AER
Content type
Document

JGN - Submission on JGN draft decision - Letter to AER regarding Origin and EMRF submissions - 16 April 2015

Authors
Jemena Gas Networks (NSW) Ltd (JGN)
Content type
Document

JGN - Submission on JGN draft decision - Review of submissions on JGN's revised AA - 16 April 2015

Authors
Jemena Gas Networks (NSW) Ltd (JGN)
Content type
Document

AER - Letter to JGN - late submission received 13 May 2015 - NOT CONSIDERED - 15 May 2015

Authors
AER
Content type
Document

JGN - Submission on JGN draft decision received 13 May Attachment 1 - NOT CONSIDERED - 13 May 2015

Authors
Jemena Gas Networks (NSW) Ltd (JGN)
Content type
Document

JGN - Submission on JGN draft decision received 13 May Attachment 2 - NOT CONSIDERED - 13 May 2015

Authors
Jemena Gas Networks (NSW) Ltd (JGN)
Content type
Document

JGN - Submission on JGN draft decision received 13 May Attachment 3 - NOT CONSIDERED - 13 May 2015

Authors
Jemena Gas Networks (NSW) Ltd (JGN)
Content type
Document

JGN - Submission on JGN draft decision received 13 May Attachment 4 - NOT CONSIDERED - 13 May 2015

Authors
Jemena Gas Networks (NSW) Ltd (JGN)
Content type
Document

JGN - Submission on JGN draft decision received 13 May Attachment 5 - NOT CONSIDERED - 13 May 2015

Authors
Jemena Gas Networks (NSW) Ltd (JGN)
Content type
Document

JGN - Submission on JGN draft decision received 13 May Attachment 6 - NOT CONSIDERED - 13 May 2015

Authors
Jemena Gas Networks (NSW) Ltd (JGN)
Content type
Document

AER - Letter to JGN - late submission received 18 May 2015 - NOT CONSIDERED - 18 May 2015

Authors
AER
Content type
Document

JGN - Submission on JGN draft decision received 18 May 2015 - NOT CONSIDERED - 18 May 2015

Authors
Jemena Gas Networks (NSW) Ltd (JGN)
Content type
Document