AER - CitiPower distribution determination - 2018 return on debt update - PTRM - September 2017

In line with our final decision on CitiPower's electricity distribution network, we have updated CitiPower's return on debt for 2018 under NER cl  6.5.2(l).

As a result of this update, the return on debt for 2018 is 5.33 per cent. This results in an X-factor for 2018 of -0.05 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.