In line with our final decision on JGN's gas transmission network, we have updated JGN's return on debt for 2021-22. As a result of this update, the return on debt for 2021-22 is 4.15 per cent. This results in an X-factor for 2021-22 of 4.54 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.