On 1 May 2009, the AER released its final statement (transmission) and final statement of regulatory intent (distribution) on the revised WACC parameters. The AER also published its final decision on the WACC parameters, and consultant reports commissioned by the AER in the context of the final statements.
Final decision
Final statements - Review of electricity transmission and distribution WACC parameters - 1 May 2009
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Final decision - Review of electricity transmission and distribution WACC parameters - 1 May 2009
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Consultant reports
In the context of the final statements, the AER comissioned expert reports from Associate Professors John Handley and Olan Henry from Melbourne University. The reports are attachments to the final decision.
Attachment A - Handley - Further comments on the value of imputation credits
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Attachment B - Handley - Further comments on the historical equity risk premium
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Attachment D - Handley - Further comments on the Sharpe CAPM
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