AER - Amadeus Gas Pipeline access arrangement - Post-tax revenue model - 2022-23 return on debt update - March 2022

In line with our final decision on APTNT's gas transmission network, we have updated Amadeus Gas Pipeline's return on debt for 2022–23. As a result of this update, the return on debt for 2022–23 is 4.54 per cent. This results in an X-factor for 2022–23 of 2.49 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.