In line with our final decision on Ergon Energy's electricity distribution network, we have updated Ergon Energy's return on debt for 2021-22. As a result of this update, the return on debt for 2021-22 is 4.49 per cent. This results in an X-factor for 2021-22 of 2.04 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.