{"text_format":"1","workbook":"xlsx","n_sheets":19,"sheets":["Index","RFS Inc","DISAGG Inc","DISAGG Opex","DISAGG Aloc1","DISAGG Aloc2","PTS Adj","PTS PriceRedn","PTS PDisc","DISAGG ProvSum","INF RelPartTrans","INF RevRec","Hist Capex by Asset Class ","NCIPAP","Hist Capex - Non-Network","Commentary on Opex","Commentary on Historic Capex","Opex Instructions","Historic Capex Instructions"],"not_rendered":{"charts":0,"images":1,"macros":1,"external_links":32,"defined_names":967,"comments":0,"pivot_tables":0},"unopened":[],"bounds":{"document_bytes":16777216,"sheet_cells":100000,"rows_first":2000,"rows_last":500,"rows_between":2000,"halvings":0,"cell_chars":16384,"cell_head_chars":4096},"cells_cut":0,"cells_raw":0,"read":"whole","date_system":"1900"}

{"sheet":"Index","index":0,"n_rows":38,"n_cols":5,"rows_kept":38,"cut":false,"hidden":false,"merged":[[35,1,38,1],[32,1,34,1],[1,1,1,4],[28,1,31,1],[13,1,17,1],[7,1,9,1],[10,1,12,1],[18,1,24,1]]}
[]
[null,"INFORMATION DISCLOSURE REQUIREMENTS"]
[]
[null,null,"TABLE OF CONTENTS"]
[null,null,"for the year ended 30 June 2021"]
[]
[null,"TYPE","PROFORMA STATEMENT","STATEMENT NUMBER","PAGE"]
[null,"Regulatory Financial Statements"]
[null,null,"Income Statement","RFS Inc",2]
[]
[null,"Disaggregation Statements"]
[null,null,"Income Statement","DISAGG Inc",3]
[]
[null,"Workpapers supporting the Disaggregation Statements:"]
[null,null,"Operations and maintenance expenditure","DISAGG Opex",4]
[null,null,"Causal allocations","DISAGG Aloc1",5]
[null,null,"Non-causal allocations","DISAGG Aloc2",6]
[]
[null,"Prescribed Transmission Services"]
[null,null,"Regulatory adjustment journals","PTS Adj",7]
[]
[null,null,"Price reduction/recovery ","PTS PriceRedn",8]
[]
[null,null,"Discount","PTS  Disc",9]
[]
[null,"Provisions Schedules:"]
[null,"Disaggregation Statements","Provisions Summary","DISAGG ProvSum",10]
[]
[null,"Other Information"]
[null,null,"Related Party Transactions","Inf Rel Part Trans",11]
[null,null,"Revenue Reconciliation","Inf Rev Rec",12]
[]
[null,"Non-financial Schedules"]
[null,null,"Current Map of the Network","NFS Curr Map Netw","na"]
[]
[null,"Historic Capital Expenditure (Capex)"]
[null,null,"Historic Capex by Asset Class ","HCE Ass Cls",13]
[null,null,"Historic Capex - Non-Network","HCE Non Netw",18]

{"sheet":"RFS Inc","index":1,"n_rows":36,"n_cols":8,"rows_kept":36,"cut":false,"hidden":false,"merged":[[4,0,4,7],[1,0,1,7],[39,0,39,7]]}
[]
["INCOME STATEMENT - PRESCRIBED TRANSMISSION SERVICES"]
[]
[]
[]
[]
["for the period ended: 30 June 2021"]
[]
["TransGrid Account Reference",null,"Description","Disaggregation Statement  -  Prescribed Transmission Services","Journal number","Regulatory adjustments","Regulatory financial statements","Support reference"]
[null,null,null,"$'000",null,"$'000","$'000"]
[null,null,null,null,null,"Dr/(Cr)"]
[]
[null,"Network charges",null,754178,2,-29407,783585,"Inf Rev Rec / Regulatory Adjustments"]
[null,"Rebates under ENA COVID-19 Network Relief Package ",null,3024,null,null,3024,"Disagg Inc"]
[null,"Other revenue",null,337,null,null,337,"Disagg Inc"]
[]
[null,"Total Revenue",null,757539,null,-29407,786946]
[]
[]
[null,"Opex costs "]
[null,"-","Network operations",-19749,null,null,-19749,"Disagg Inc"]
[null,"-","Network maintenance",-47608,3,4,-47612,"Regulatory Adjustments"]
[null,"-","Other controllable costs ",-107889,"3, 5",-15100,-92789,"Regulatory Adjustments"]
[null,"-","Network support pass-through costs ",-1190,null,null,-1190,"Disagg Inc"]
[null,"-","Bushfire remediation costs",-5853,null,null,-5853,"Disagg Inc"]
[null,"-","Defined benefit superannuation adjustment",-1351,null,null,-1351,"Disagg Inc"]
[]
[null,"National Transmission Planner Charges",null,-3325,4,-3325,0]
[null,"Depreciation",null,-322939,"1, 3",-32979,-289960,"Regulatory Adjustments"]
[null,"Net Loss on Disposal of Property, Plant and Equipment",null,-302,null,null,-302,"Disagg Inc"]
[]
[null,"Earnings before Interest and Tax (EBIT)",null,247333,null,-80807,328140]
[]
[]
[]
[null,"Taxation"]

{"sheet":"DISAGG Inc","index":2,"n_rows":51,"n_cols":10,"rows_kept":51,"cut":false,"hidden":false,"merged":[[50,0,50,9],[49,0,49,9],[1,0,1,9],[4,0,4,9],[46,0,46,9],[47,0,47,9],[48,0,48,9]]}
[]
["DISAGGREGATION STATEMENT - INCOME"]
[]
[]
[]
[]
["for the period ended: 30 June 2021"]
[]
["Account code or reference to Account Code",null,"Description","Audited financial statements",null,"Prescribed Transmission Services","Negotiated Transmission Services","Non-Regulated Transmission Services","Not Allocated","Workpaper reference"]
[null,null,null,"$'000",null,"$'000","$'000","$'000","$'000"]
[]
[null,"Network charges",null,754178,null,754178,null,null,null,"Regulatory Income Statement WS"]
[null,"Rebates under ENA COVID-19 Network Relief Package ",null,3024,null,3024,null,null,null,"Regulatory Income Statement WS"]
[null,"External project work",null,0,null,0,null,null,null,"Regulatory Income Statement WS"]
[null,"Other revenue ",null,337,null,337,null,null,null,"Regulatory Income Statement WS"]
[null,"Total Revenue",null,757539,null,757539]
[]
[null,"Opex costs "]
[null,"-","Network operations ",-19749,null,-19749,null,null,null,"DISAGG Opex"]
[null,"-","Network maintenance",-47608,null,-47608,null,null,null,"DISAGG Opex"]
[null,"-","Other controllable costs",-107889,null,-107889,null,null,null,"DISAGG Opex"]
[null,"-","Network support pass-through costs ",-1190,null,-1190,null,null,null,"DISAGG Opex"]
[null,"-","Bushfire remediation costs",-5853,null,-5853,null,null,null,"DISAGG Opex"]
[null,"-","Defined benefit superannuation adjustment",-1351,null,-1351,null,null,null,"DISAGG Opex"]
[]
[null,"National Transmission Planner Charges",null,-3325,null,-3325,null,null,null,"Regulatory Income Statement WS"]
[null,"Depreciation ",null,-322939,null,-322939,null,null,null,"Regulatory Income Statement WS"]
[null,"Net Loss on Disposal of Property, Plant and Equipment",null,-302,null,-302,null,null,null,"Regulatory Income Statement WS"]
[null,"Earnings before Interest and Tax (EBIT)",null,247333,null,247333]
[]
[null,"Interest and dividend income",null,0,null,null,null,null,null,"Regulatory Income Statement WS"]
[null,"Finance charges",null,0,null,null,null,null,null,"Regulatory Income Statement WS"]
[]
[null,"Profit(loss) before Income Tax Expense ",null,247333,null,247333]
[]
[null,"Australian income tax expense",null,0,null,null,null,null,null,"Regulatory Income Statement WS"]
[null,"Deferred income tax",null,0,null,null,null,null,null,"Regulatory Income Statement WS"]
[]
[null,"Profit(loss) after income tax expense",null,247333,null,247333]
[]
[null,"Distribution to security holders",null,null,null,null,null,null,null,"Regulatory Income Statement WS"]
[]
[null,"Retained Profit(Loss)"]
[]
[]
["Note:"]
["1. The regulatory accounts for the year ended 30 June 2021 have been prepared based on: \n• Audited NSW Electricity Networks Obligor Group Financial Report approved by the Board of NSW Electricity Networks Operations Intermediate Pty Limited as Trustee for NSW Electricity Networks Operations Intermediate Trust and the Board of NSW Electricity Networks Assets Holdings Pty Limited as Trustee for NSW Electricity Networks Assets Holdings Trust, for the year ended 30 June 2021; and\n• Supporting information for the audited NSW Electricity Networks Obligor Group Financial Report for the same period ended 30 June 2021.    \n   \n\n \n\n \n"]
["2. Defined Benefit Superannuation Adjustment relates to an adjustment made to reverse out the Defined Benefit superannuation cash contribution in Prescribed Opex and add back the Defined Benefit superannuation accounting expense for compliance with Australian Accounting Standard AASB 119."]
["3. Bushfire remediation costs relate to operating expenditure incurred for the year ended 30 June 2021 on rectifications and remediation work in relation to the November and December 2019 bushfires in NSW."]
["4. In the year ended 30 June 2020 rebates provided under the ENA COVID-19 Network Relief Package have been recognised as a reduction to TransGrid's prescribed transmission network charges. The income recognised in the year ended 30 June 2021 represents the reversal of rebate liabilities after finalisation of the claims by the NSW distributors that signed up to the ENA COVID-19 Network Relief Package.  "]
["5. National Transmission Planner Charges were charged from AEMO since 1 January 2021. This amount was recoverable through TUOS charges. The payment made in the year ended 30 June 2021 will be deferred as a prepayment and released in the year ended 30 June 2022 when TUOS are collected."]

{"sheet":"DISAGG Opex","index":3,"n_rows":51,"n_cols":13,"rows_kept":51,"cut":false,"hidden":false,"merged":[[4,0,4,12],[1,0,1,12]]}
[]
["OPERATIONS AND MAINTENANCE EXPENDITURE"]
[]
[]
[]
[]
["for the period ended: 30 June 2021"]
[]
["Account code or reference to account code",null,null,"Account Heading",null,null,"Ticks to indicate which rows are intersegmental costs",null,"Prescribed Transmission Services","Negotiated Transmission Services","Non-Regulated Transmission Services","Not Allocated","Total"]
[null,null,null,null,null,null,null,null,"$'000","$'000","$'000","$'000","$'000"]
[]
[null,null,null,"Directly Attributed Costs"]
[null,null,null,"Network operations ",null,null,null,null,-19749]
[null,null,null,"Network maintenance",null,null,null,null,-47608]
[null,null,null,"Other controllable costs",null,null,null,null,-107889]
[null,null,null,"Network support pass-through costs ",null,null,null,null,-1190]
[null,null,null,"Bushfire remediation costs",null,null,null,null,-5853]
[null,null,null,"Defined benefit superannuation adjustment",null,null,null,null,-1351]
[]
[null,null,null,null,null,null,"Subtotal of Directly Attributed costs",null,-183640]
[]
[]
[]
[null,null,null,"Allocated Costs",null,null,null,null,"NIL"]
[]
[]
[]
[null,null,null,"Other costs",null,null,null,null,"NIL"]
[]
[]
[null,null,null,null,null,null,"Subtotal of Allocated costs",null,"NIL"]
[]
[]
[null,null,null,null,null,null,"Total Opex Costs per DISAGG FPerf",null,-183640]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null," Total"]
[]
[]
["Explanation of opex costs required by the Commission (for example, bushfire costs, insurance etc)"]
[]
[null,"Bushfire remediation costs relate to operating expenditure incurred for the year ended 30 June 2021 on rectifications and remediation work in relation to "]
[null,"the November and December 2019 bushfires in NSW."]

{"sheet":"DISAGG Aloc1","index":4,"n_rows":34,"n_cols":8,"rows_kept":34,"cut":false,"hidden":false,"merged":[[31,1,31,6],[33,1,33,6],[1,0,1,7],[4,10,4,11],[4,0,4,7],[8,0,8,7],[29,1,29,6]]}
[]
["CAUSAL ALLOCATION"]
[]
[]
[]
[]
["for the period ended: 30 June 2021"]
[]
["A copy of this workpaper is to be produced for each Causal basis that has been used to allocate costs between Business Segments."]
[]
[null,"1.   Causal basis of allocation …………NIL………………………………………………….."]
[]
[null,"2.  Complete the table set out below to indicate: "]
[null,"-   the Account Headings and the amounts subject to this Causal basis; and"]
[null,"-   the description and quanta of allocator that has been used"]
[]
["Account code or reference to account code","Account Heading",null,"Prescribed Transmission Services","Negotiated Transmission Services","Non-Regulated Transmission Services","Not Allocated","Total"]
[null,null,null,"$'000","$'000","$'000","$'000","$'000"]
[null,"For each Account Heading that has been "]
[null,"allocated on this basis, provide the following information",null,"NIL"]
[]
[null,"Numeric quantity of allocator  (eg no of man-hours)"]
[null,"Corresponding cost allocation",null,"N/A"]
[]
[]
[]
[null,"3.   Provide a detailed description and explanation of the basis of allocation:"]
[]
[]
[null,"TransGrid's General Ledger has been structured so that prescribed, non-regulated and negotiated costs are separated into different cost centres and account numbers. Where appropriate, costs are ring fenced for regulatory reporting purposes. "]
[]
[null,"TransGrid uses direct labour as the cost driver to allocate support costs that are not directly attributable to a category of Transmission Service."]
[]
[null,"By ensuring that costing is correctly allocated in this way, the need to further allocate costs on an arbitrary process is negated."]

{"sheet":"DISAGG Aloc2","index":5,"n_rows":58,"n_cols":8,"rows_kept":58,"cut":false,"hidden":false,"merged":[[1,0,1,6],[45,1,45,8],[17,1,17,2],[4,9,4,10],[8,0,8,8],[12,1,12,8],[4,0,4,7],[14,1,14,2],[28,1,28,6],[30,1,30,6],[32,1,32,6]]}
[]
["NON-CAUSAL ALLOCATION"]
[]
[]
[]
[]
["for the period ended: 30 June 2021"]
[]
["A copy of this workpaper is to be produced for each Non-causal basis that has been used to\n allocate costs between Business Segments."]
[]
[null,"1.   Non-causal basis of allocation ………NIL………………………………"]
[]
[null,"2.  Complete the table set out below to indicate the Account Headings and the \namounts subject to this non-causal basis."]
[null,"     "]
["Account code or reference to account code","Account Heading",null,"Prescribed Transmission Services","Negotiated Transmission Services","Non-Regulated Transmission Services","Not Allocated","Total"]
[null,null,null,"$'000","$'000","$'000","$'000","$'000"]
[]
[null,"(List all Account Headings that \nhave been allocated on this basis)",null,"NIL"]
[]
[]
[]
[]
[]
[]
[]
[null,"3.   Provide a detailed description and explanation of the basis of allocation:"]
[]
[]
[null,"TransGrid's General Ledger has been structured so that prescribed, non-regulated and negotiated costs are separated into different cost centres and account numbers. Where appropriate, costs are ring fenced for regulatory reporting purposes. "]
[]
[null,"TransGrid used direct labour as the cost driver to allocate support costs that are not directly attributable to a category of Transmission Service."]
[]
[null,"By ensuring that costing is correctly allocated in this way, the need to further allocate costs on an arbitrary process is negated."]
[]
[]
[null,"4.   Explain why no causal basis could be established:"]
[]
[]
[null,"Not applicable"]
[]
[]
[]
[]
[]
[]
[null,"5.  Explain the reasons for choosing this non-causal basis and why it was \npreferred over others:"]
[]
[]
[null,"Not applicable"]
[]
[]
[]
[]
[]
[]
[null,"6.  Date on which the Commission/AER granted approval:"]
[]
[null,"Not applicable"]

{"sheet":"PTS Adj","index":6,"n_rows":55,"n_cols":6,"rows_kept":55,"cut":false,"hidden":false,"merged":[[4,0,4,5],[1,0,1,4],[13,1,14,2]]}
[]
["REGULATORY ADJUSTMENT JOURNALS - PRESCRIBED TRANSMISSION SERVICES"]
[]
[]
[]
[]
["for the period ended: 30 June 2021"]
[]
["Journal","Account Debited",null,"Amount",null,"Supporting"]
["number",null,"Account Credited","Debit","Credit","Statement"]
[null,null,null,"$'000","$'000","No."]
[1,"Dr","Reserves",32530]
[null,"Cr","Depreciation",null,32530]
[null,"(Adjustment for Straight line depreciation for prescribed property, plant and equipment and intangible assets)"]
[]
[]
[]
[]
[]
[2,"Dr ","Deferred Revenue",29407]
[null,"Cr ","Network charges",null,29407]
[null,"(Adjust Statutory Prescribed Revenue to regulatory revenue)"]
[]
[]
[]
[]
[]
[3,"Dr","Lease liabilities",5614]
[null,"Dr","Prepayment",1200]
[null,"Dr","Other controllable costs ",478]
[null,"Dr","Network maintenance",4]
[null,"Dr","Retained earnings",259]
[null,"Cr","Right-of-use assets",null,6943]
[null,"Cr","Depreciation",null,449]
[null,"Cr","Finance charges",null,163]
[null,"(Reverse the accounting impacts under AASB 16 Leases for operating leases relating to the provision of prescribed transmission network services)"]
[null,"AASB 16 Leases came into effect from 1 July 2019, whereby operating lease payments are no longer recognised as operating expenses in the Income Statement"]
[null,"for statutory financial reporting, but instead applied as a reduction to the lease liability recognised on the Balance Sheet.  A depreciation charge relating to a"]
[null,"right-of-use asset and interest expense relating to the lease liability are recognised in the Income Statement under AASB 16."]
[null,"This regulatory adjustment has been made to reverse the statutory accounting impacts of AASB 16 for prescribed operating leases, thereby ensuring the "]
[null,"associated operating lease expenses incurred for the provision of prescribed transmission network services are still recognised in Prescribed Opex for regulatory "]
[null,"purposes.  This treatment is consistent with the basis applied for the Prescribed Opex allowance in TransGrid's Transmission Determination for 2018 to 2023."]
[null,"The $478k adjustment for 'Other controllable costs' and 'network maintenance' comprised the prescribed operating lease payments made for the year ended 30 June 2021."]
[]
[4,"Dr ","Prepayment",3325]
[null,"Cr ","National Transmission Planner Charges",null,3325]
[null,"(The National Transmission Planner Charges paid to AEMO in the year ended 30 June 2021 will be deferred as a prepayment to be released in the year ended 30 June 2022 "]
[null,"when TUOS revenue is collected.)"]
[]
[5,"Dr ","Intangible assets",15578]
[null,"Cr ","Other controllable costs ",null,15578]
[null,"(An accounting policy change in relation to Software-as-a-service (\"SaaS\") expenditures were mandated by the International Accounting Standards Board toward the end of the "]
[null,"financial year ended 30 June 2021. As a result, $15.6 million SaaS related non-network capital expenditures were expensed in the stautory financial report. Since the "]
[null,"policy change impact is not relfected in the RP2 submission, the relevant impact will be reversed during RP2. The policy change will be built into RP3 submission and changes"]
[null," will be made from RP3 onwards.)"]

{"sheet":"PTS PriceRedn","index":7,"n_rows":31,"n_cols":3,"rows_kept":31,"cut":false,"hidden":false,"merged":[[4,9,4,10],[1,0,1,3],[4,0,4,3]]}
[]
["PRICE REDUCTION/RECOVERY - PRESCRIBED TRANSMISSION SERVICES"]
[]
[]
[]
[]
["for the period ended: 30 June 2021"]
[]
[null,"$Customer TUOS","$Common service"]
[null,"general charges","charges"]
["Reduction in prices payable"]
["       by transmission customers"]
[]
[]
[]
[]
[]
[]
["*Recovery of  above reduction in prices"]
["     from other transmission customers"]
[]
[]
[]
[]
[]
[]
["Note:"]
["Each instance of a price reduction/recovery should be detailed."]
["*The amount of any reduction in a transmission customer's Customer TUOS non-locational charges "]
["and/or common service charges recovered from other transmission customers under clause 6A.26.1"]
["of the Rules. "]

{"sheet":"PTS PDisc","index":8,"n_rows":22,"n_cols":2,"rows_kept":22,"cut":false,"hidden":false,"merged":[[1,0,1,5],[4,0,4,5],[21,1,21,2],[21,3,21,5],[11,3,11,5],[13,3,13,5],[14,3,14,5],[12,3,12,5],[15,3,15,5],[16,3,16,5],[17,3,17,5],[18,3,18,5],[19,3,19,5]]}
[]
["PRUDENT DISCOUNTS - PRESCRIBED TRANSMISSION SERVICES"]
[]
[]
[]
[]
["for the period ended: 30 June 2021"]
[]
[]
[]
[]
[null,"Number of discounts recovered in previous year"]
["For each discount recovered:"]
[null,"Date of AER approval, if given"]
[null,"Expiry date"]
[null,"Party receiving the discount"]
[null,"Beneficiary of discount"]
[null,"Amount of discount offered in previous year"]
[null,"Amount recovered from the other custumers in previous year"]
[null,"Load subject to discount (max, min, average)"]
["For each discount approved by the AER:"]
[null,"Compliance with conditions - for each condition imposed provide information demonstrating that the condition has been met."]

{"sheet":"DISAGG ProvSum","index":9,"n_rows":40,"n_cols":8,"rows_kept":40,"cut":false,"hidden":false,"merged":[[1,0,1,6],[4,0,4,6],[4,8,4,9],[32,0,32,7]]}
[]
["SUMMARY OF PROVISIONS"]
[]
[]
[]
[]
["for the period ended: 30 June 2021"]
[]
[null,null,null,"Prescribed Transmission Services","Negotiated Transmission Services","Non-Regulated Transmission Services","Not Allocated","Total"]
[null,null,null,"$'000","$'000","$'000","$'000","$'000"]
[]
[null,"Amount set aside to provisions",null,3411]
[]
[null,"Expenditure incurred debited to provisions",null,-24015]
[]
[null,"Net movement in provisions",null,-20604]
[]
[null,"Balance at start of period",null,136730]
[]
[null,"Balance at end of period",null,116126]
[]
[]
["Comprising:"]
[]
[null,"Current provisions",null,75704]
[null,"Non-current provision",null,40422]
[]
[null,null,"Total per balance sheet",116126]
[]
[]
["Note:"]
["The basis of attribution of provisions to the Prescribed Services Segment, should follow the attribution of the "]
["expenses to which they relate. Taxation, interest and dividend provisions should be attributed  to the Not Allocated Segment."]
[]
["All non-regulated and negotiated provisions are deemed Current Provisions based on the fact that all employees are engaged by prescribed services segment "]
["and oncosts for those who work partially on non-prescribed projects are allocated back to non-presribed services segment based on labour time."]
[]
["The amounts included under Not Allocated relate to Contingent Projects and are deemed Current Provisions until such time as the relevant Contingent Project"]
["is approved by the AER.  Once the AER provides the Contingent Project Approval, the relevant provision amounts relating to the Contingent Project will be treated "]
["as part of the 'Prescribed Transmission Services' provisions."]

{"sheet":"INF RelPartTrans","index":10,"n_rows":53,"n_cols":5,"rows_kept":53,"cut":false,"hidden":false,"merged":[[1,0,1,4],[44,0,44,4],[4,0,4,4],[23,0,23,4],[21,0,21,4]]}
[]
["RELATED PARTY TRANSACTIONS"]
[]
[]
[]
[]
["for the period ended: 30 June 2021"]
[]
["Details of related party","Description of transaction","Prescribed","Procurement process","Monetary value of transaction"]
[null,null,null,null,"$'000"]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
["Balances with related parties at regulatory accounting date"]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
["Commitments with related parties at regulatory accounting period"]
["Value of commitments with related parties that are expected to result in related party transactions in future regulatory accounting periods:"]
[null,null,"Recognised as liabilities","Not recognised as liabilities","Total"]
[null,null,"$'000","$'000","$'000"]
[]
[null,"Payable:"]
[null,"Not later than one year"]
[null,"Later than one year and not later than five years"]
[null,"Later than five years"]
[null,"Total commitments"]

{"sheet":"INF RevRec","index":11,"n_rows":21,"n_cols":6,"rows_kept":21,"cut":false,"hidden":false,"merged":[[1,0,1,5],[4,0,4,5]]}
[]
["REVENUE RECONCILIATION "]
[]
[]
[]
[]
["for the period ended: 30 June 2021"]
[]
[null,"Description",null,"Unit type","Unit"]
[]
[]
[null,"CPI (March Tx)",null,"CPI – All Groups Weighted Average of 8 \nCapital Cities (ABS)",116.2,"December 2018 CPI"]
[null,"CPI (March Tx+1)",null,"As above",null,"December 2019 CPI"]
[null,"Change in CPI",null,"Per cent",1.7999999999999999E-2]
[null,"X-factor",null,"Per cent",-1.6999999999999999E-3,"Updated X-factor for 2019/20 as per the AER's 'Updated return on debt for 2019-20 network prices' letter."]
[null,"AR (Tx) 2019/20",null,754731282.88999999,null,"As per AER's Final Decision on TransGrid's Transmission Determination 2018 to 2023;\nPublished PTRM [D18-55349 AER - Final decision TransGrid - Post-tax revenue model - May 2018]."]
[null,"AR 2020/21",null,769630786.14999998,null,"Escalated using updated CPI and X-factor as per AER's published PTRM."]
[null,"AER FY19 network support passthrough",null,359366,null,"In December 2019, the AER advised by letter of a positive network pass-through amount due to an inconsistent escalation of CPI used by TransGrid in TransGrid's 2018-23 revenue determination. The AER required the passthrough to be recovered in the FY21 financial year.  "]
[null,"Net AR (Tx+1) (Adjusted MAR 2020/21)",null,769990152.14999998]
[null,"S-factor (Tx) 2019",null,13595127,null,"Final Incentive payment for 2019 Calendar Year"]
[null,"Prescribed Revenue Tx+1 (2020/21)",null,783585279.14999998]

{"sheet":"Hist Capex by Asset Class ","index":12,"n_rows":116,"n_cols":12,"rows_kept":116,"cut":false,"hidden":false,"merged":[[115,0,115,11],[96,1,96,2],[97,1,97,2],[98,1,98,2],[106,1,106,2],[107,1,107,2],[108,1,108,2],[109,1,109,2],[110,1,110,2],[111,1,111,2],[112,1,112,2],[99,1,99,2],[100,1,100,2],[101,1,101,2],[102,1,102,2],[103,1,103,2],[85,1,85,2],[94,0,94,2],[95,0,95,2],[88,0,88,11],[93,0,93,11],[87,0,87,12],[80,1,80,2],[81,1,81,2],[82,1,82,2],[83,1,83,2],[84,1,84,2],[79,1,79,2],[75,1,75,2],[76,1,76,2],[77,1,77,2],[78,1,78,2],[66,0,66,11],[68,0,68,2],[69,1,69,2],[70,1,70,2],[71,1,71,2],[39,0,39,2],[40,0,40,2],[41,1,41,2],[42,1,42,2],[43,1,43,2],[28,1,28,2],[29,1,29,2],[31,1,31,2],[38,0,38,11],[34,0,34,11],[30,1,30,2],[27,1,27,2],[12,0,12,2],[13,0,13,2],[14,1,14,2],[15,1,15,2],[1,1,1,15],[16,1,16,2],[24,1,24,2],[25,1,25,2],[26,1,26,2],[11,0,11,11],[17,1,17,2],[18,1,18,2],[19,1,19,2],[20,1,20,2],[21,1,21,2],[22,1,22,2],[23,1,23,2],[44,1,44,2],[45,1,45,2],[46,1,46,2],[47,1,47,2],[48,1,48,2],[104,1,104,2],[105,1,105,2],[49,1,49,2],[50,1,50,2],[72,1,72,2],[73,1,73,2],[74,1,74,2],[51,1,51,2],[52,1,52,2],[53,1,53,2],[54,1,54,2],[55,1,55,2],[56,1,56,2],[57,1,57,2],[67,0,67,2],[60,0,60,11]]}
[]
[null,"HISTORIC CAPEX by asset class"]
[]
[]
[]
[]
[]
[]
[]
[]
[]
["Actual Gross Capital Expenditure – As Incurred ($m Nominal)"]
[null,null,null,"Year"," Year-1","Year 1 ","Year 2","Year 3","Year 4","Year 5"]
["Asset Class"]
[null,"Transmission Lines (2014-18)",null,null,88.217805303976775]
[null,"Underground Cables (2014-18)",null,null,6.702369984108629E-2]
[null,"Substations (2014-18)",null,null,86.27923169620135]
[null,"Secondary Systems (2014-18)",null,null,8.4982627718969557]
[null,"Communications (short life) (2014-18)",null,null,12.981383322975848]
[null,"Business IT (2014-18)",null,null,20.868590631645628]
[null,"Minor Plant, Motor Vehicles & Mobile Plant (2014-18)",null,null,9.9947586690407189]
[null,"Transmission Line Life Extension (2014-18)",null,null,2.3376247631291176]
[null,"Transmission Lines (2018-23)",null,null,null,60.198529574262963,26.386947964044172,270.52230091715086]
[null,"Underground Cables (2018-23)",null,null,null,0,0,1.6238537023984371E-2]
[null,"Substations (2018-23)",null,null,null,89.911884114894661,103.95417333188556,263.89356864770286]
[null,"Secondary Systems (2018-23)",null,null,null,15.407575675377061,36.349434629233265,28.94652632918736]
[null,"Communications (short life) (2018-23)",null,null,null,10.801554525694129,18.8313277425179,12.974169216565096]
[null,"Business IT (2018-23)",null,null,null,20.2234047222681,19.1503684277281,20.569517614713114]
[null,"Minor Plant, Motor Vehicles & Mobile Plant (2018-23)",null,null,null,9.9435572041026106,9.8882701557943307,9.5930881207623546]
[null,"Transmission Line Life Extension (2018-23)",null,null,null,8.7775952979259202,83.774104461642494,62.365805152584066]
[null,"Land and Easements ",null,null,-0.27537111253705199,0.93686116643419914,25.570154756737214,53.803623618581135]
[null,"Synchronous Condensers",null,null,null,0.34598629753730387,0,58.848722403306702,null,null,"Total Yrs 1-5","Total"]
[null,null,null,"Sub total",228.96930974617044,216.54694857849697,323.90478146958299,781.53356055757752,0,0,1321.9852906056576,1550.954600351828]
[]
["Notes: \n - Exclude half year rate of return. Inputs are assumed to be in middle of year terms because actual capex is reported evenly over a financial year.\n- The asset classes inputed by each TNSP must be the same as those used in the RFM/PTRM.\n-  Yr -1 is the final year of the previous regulatory control period.\n - Capex should be adjusted for any movements in capitalised provisions and be net of customer contributions. Where relevant please note the amount of any customer contributions excluded. \n- TNSPs are to update capex as incurred for previous years of the regulatory control period to reflect any movements that may have occurred (e.g. due to the final commissioning of assets). When this information is updated TNSPs must also note the reason for the movement.\n- Where capex related to Network Capability Incentive Parameter Action Plan (NCIPAP) projects has been incurred and reported across asset classes, the total amount for each project should be noted.\n- The Year 1 capex as incurred for Substations 2019-23 has been restated to include $1.64 million (nominal dollars) of capital expenditure in FY19 for the QNI Minor Upgrade project.  This project was approved by the AER on 28 April 2020.  The treatment of the FY19 capex for this project is consistent with how the project costs have been reflected in the AER’s Final Decision and revised PTRM for the approved project.  "]
[]
[]
[]
["Actual Asset Disposal – As Incurred ($m Nominal)**"]
[null,null,null,"Year","Year -1","Year 1 ","Year 2 ","Year 3","Year 4 ","Year 5"]
["Asset Class"]
[null,"Transmission Lines (2014-18)"]
[null,"Underground Cables (2014-18)"]
[null,"Substations (2014-18)"]
[null,"Secondary Systems (2014-18)"]
[null,"Communications (short life) (2014-18)"]
[null,"Business IT (2014-18)"]
[null,"Minor Plant, Motor Vehicles & Mobile Plant (2014-18)",null,null,4.6706901645454542]
[null,"Transmission Line Life Extension (2014-18)"]
[null,"Transmission Lines (2018-23)"]
[null,"Underground Cables (2018-23)"]
[null,"Substations (2018-23)"]
[null,"Secondary Systems (2018-23)"]
[null,"Communications (short life) (2018-23)"]
[null,"Business IT (2018-23)",null,null,null,9.6229499999999999E-3]
[null,"Minor Plant, Motor Vehicles & Mobile Plant (2018-23)",null,null,null,3.3192891327272731,2.1376767972727273,3.82439741]
[null,"Transmission Line Life Extension (2018-23)"]
[null,"Land and Easements ",null,null,0.82630086000000003,0.85253604999999988,2.7393439999999998E-2,null,null,null,"Total Yrs 1-5","Total"]
[null,null,null,"Sub total",5.4969910245454541,4.1814481327272723,2.1650702372727273,3.82439741,0,0,10.17091578,15.667906804545455]
["** Net Proceeds from disposal"]
["Notes: \n- Exclude half year rate of return. Inputs are assumed to be in middle of year terms because actual disposal is reported evenly over a financial year.\n- The asset classes inputed by each TNSP must be the same as those used in the RFM/PTRM.\n-  Yr -1 is the final year of the previous regulatory control period.\n"]
[]
[]
[]
[]
[]
["Actual Gross Capital Expenditure – As Commissioned ($m Nominal)*"]
[null,null,null,"Year"," Year -1","Year 1","Year 2","Year 3","Year 4 ","Year 5"]
["Asset Class"]
[null,"Transmission Lines (2014-18)",null,null,56.454817350837203]
[null,"Underground Cables (2014-18)",null,null,6.702369984108629E-2]
[null,"Substations (2014-18)",null,null,126.56203677738846]
[null,"Secondary Systems (2014-18)",null,null,10.821491152245191]
[null,"Communications (short life) (2014-18)",null,null,2.8390149453798652]
[null,"Business IT (2014-18)",null,null,16.027991553031114]
[null,"Minor Plant, Motor Vehicles & Mobile Plant (2014-18)",null,null,9.8931140548340846]
[null,"Transmission Line Life Extension (2014-18)",null,null,2.4660003877331755]
[null,"Transmission Lines (2018-23)",null,null,null,87.014169359785555,27.309297130367472,17.886628250099715]
[null,"Underground Cables (2018-23)",null,null,null,0,0,-8.8432976015632785E-5]
[null,"Substations (2018-23)",null,null,null,103.2650855449956,77.23402663002166,94.613694448532385]
[null,"Secondary Systems (2018-23)",null,null,null,16.528220974459106,29.913803931734069,18.93479680414195]
[null,"Communications (short life) (2018-23)",null,null,null,12.138080019170168,5.3973224798546831,10.085514277971809]
[null,"Business IT (2018-23)",null,null,null,18.672804498378834,16.451320556133862,17.522177106842381]
[null,"Minor Plant, Motor Vehicles & Mobile Plant (2018-23)",null,null,null,9.943557204102607,9.8882701557943324,9.6751500911785566]
[null,"Transmission Line Life Extension (2018-23)",null,null,null,8.7814925084807651,41.48000570845803,34.861071849931861]
[null,"Land and Easements ",null,null,0.65534164871942291,1.9641749632084569,3.4177036524588593,0.31620431898117174,null,null,"Total Yrs 1-5","Total"]
[null,null,null,"Sub total",225.78683157000961,258.30758507258111,211.091750244823,203.89514871470382,0,0,673.2944840321079,899.08131560211757]
["* As Commissioned ($m Nominal) is calculated as the total project costs as-incurred in each year inflated to the dollars of the commissioning year using CPI. This is necessary to ensure the full project amount in the RAB is depreciated in line with methodology for calculating the RAB."]
["Notes: \n - Exclude half year rate of return. Inputs are assumed to be in middle of year terms because actual capex is reported evenly over a financial year.\n- The asset classes inputed by each TNSP must be the same as those used in the RFM/PTRM.\n-  Yr -1 is the final year of the previous regulatory control period.\n -  Capex should be adjusted for any movements in capitalised provisions and be net of customer contributions. Where relevant please note the amount of any customer contributions excluded.\n- Where capex related to Network Capability Incentive Parameter Action Plan (NCIPAP) projects has been incurred and reported across asset classes, the total amount for each project should be noted.\n "]
[]
[]
[]
[]
["Actual Asset Disposal – As De-Commissioned ($m Nominal)**"]
[null,null,null,"Year"," Year -1","Year 1 ","Year 2 ","Year 3","Year 4 ","Year 5"]
["Asset Class"]
[null,"Transmission Lines (2014-18)",null,null,0,0,0,0]
[null,"Underground Cables (2014-18)",null,null,0,0,0,0]
[null,"Substations (2014-18)",null,null,0,0,0,0]
[null,"Secondary Systems (2014-18)",null,null,0,0,0,0]
[null,"Communications (short life) (2014-18)",null,null,0,0,0,0]
[null,"Business IT (2014-18)",null,null,0,0,0,0]
[null,"Minor Plant, Motor Vehicles & Mobile Plant (2014-18)",null,null,4.6706901645454542,0,0,0]
[null,"Transmission Line Life Extension (2014-18)",null,null,0,0,0,0]
[null,"Transmission Lines (2018-23)",null,null,0,0,0,0]
[null,"Underground Cables (2018-23)",null,null,null,null,0,0]
[null,"Substations (2018-23)",null,null,0,0,0,0]
[null,"Secondary Systems (2018-23)",null,null,0,0,0,0]
[null,"Communications (short life) (2018-23)",null,null,0,0,0,0]
[null,"Business IT (2018-23)",null,null,0,9.6229499999999999E-3,0,0]
[null,"Minor Plant, Motor Vehicles & Mobile Plant (2018-23)",null,null,0,3.3192891327272731,2.1376767972727273,3.82439741]
[null,"Transmission Line Life Extension (2018-23)",null,null,0,0,0,0]
[null,"Land and Easements ",null,null,0.82630086000000003,0.85253604999999988,2.7393439999999998E-2,0,null,null,"Total Yrs 1-5","Total"]
[null,null,null,"Sub total",5.4969910245454541,4.1814481327272723,2.1650702372727273,3.82439741,0,0,10.17091578,15.667906804545455]
["** Net Proceeds from disposal"]
["Notes: \n- Exclude half year rate of return. Inputs are assumed to be in middle of year terms because actual disposal is reported evenly over a financial year.\n- The asset classes inputed by each TNSP must be the same as those used in the RFM/PTRM.\n-  Yr -1 is the final year of the previous regulatory control period.\n"]

{"sheet":"NCIPAP","index":13,"n_rows":47,"n_cols":1,"rows_kept":47,"cut":false,"hidden":false,"merged":[[1,0,1,1],[5,0,5,2],[46,0,46,2],[63,0,63,2]]}
[]
["HISTORIC CAPEX by asset class"]
[]
["for the year ended 30 June 2021"]
[]
["NCIPAP - As-incurred Capex"]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
["NCIPAP - As-commissioned Capex*"]

{"sheet":"Hist Capex - Non-Network","index":14,"n_rows":17,"n_cols":17,"rows_kept":17,"cut":false,"hidden":false,"merged":[[1,1,1,15],[10,4,11,4],[10,8,11,10],[14,5,15,11]]}
[]
[null,"HISTORIC CAPEX - NON-NETWORK- by project"]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
["$M nominal"]
[null,null,null,null,null,"Yearly expenditure by project (inclusive of FDC)"]
[]
["Project ID","Project Description"," Commissioning Date","Category^",null,"Any Part Year","Year 1","Year 2","Year 3","Year 4","Year 5","TOTAL",null,"REASON FOR PROJECT","Reg Test / Business Case (Y/N)","Reg Test / Business Case Cost Estimate*","Reason for Variance from Cost Estimate / Expected Commissioning Date"]

{"sheet":"Commentary on Opex","index":15,"n_rows":41,"n_cols":1,"rows_kept":41,"cut":false,"hidden":false,"merged":[]}
["Historic Opex Commentary proforma: key cost drivers"]
[]
["This pro forma is designed to allow the TNSP to provide context and background for the quantitative opex templates."]
[]
["The historic opex tables provide a column where the key cost drivers for historic opex should be briefly listed.  This commentary pro forma provides opportunity for more detailed explanations regarding material changes in particular expenses over the relevant regulatory period.  "]
[]
["The commentary should address the following:"]
[]
[">The main cost drivers for the particular opex item (eg changes in CPI, legislative and regulatory requirements, environmental factors)."]
[">Were these increases foreseeable? If not, why not?"]
[">Details of management induced opex efficiencies achieved."]
[">Major opex risks and mitigation strategies."]
[">Key Performance Indicators – are these benchmarked against other transmission companies?"]
[]
["In addition, the TNSP is requested to provide:"]
[]
[">Definitions of ‘opex’ and ‘capex’ used by the business.  Further, the TNSP should provide definitions for the categories and activities used in the opex templates.  These definitions should be added to the definition section in the opex instructions."]
[">A discussion on the relationship between opex and capex."]
[">Details of changes in accounting policies over the past regulatory period and how they may have impacted on opex in general or specific opex items."]
[]
[]
["Commentary on cost drivers and material changes over the current regulatory period"]
["Expense item eg. salaries"]
[]
["Expense item template"]
[]
["Expense item"]
[]
["Supporting information"]
["Please list documentation substantiating the reason for change"]
["(eg. asset management plan/strategy.)"]
[]
["Commentary on cost drivers and material changes affecting the upcoming regulatory period "]
["Expense item eg. salaries"]
[]
["Expense item"]
[]
["Expense item"]
[]
["Supporting information"]
["Please list documentation substantiating the reason for change"]

{"sheet":"Commentary on Historic Capex","index":16,"n_rows":27,"n_cols":1,"rows_kept":27,"cut":false,"hidden":false,"merged":[]}
["Historic Capex Commentary Proforma: reasons for variance"]
[]
["This pro forma is designed to allow TNSP's to provide context and background for the quantitative historic capex templates."]
[]
["Tables HOE Netw and HCE Non Netw provide a column where reasons for capex cost variances may be briefly listed.  This pro forma provides the opportunity for more detailed reasons to be given for material differences between actual project costs and amounts included in the regulatory test/business case assessment.  "]
[]
["The commentary should address the following:"]
[]
[">The main reasons for the project being undertaken (eg. demand growth)"]
[">The main reasons for material cost variances for the particular project (eg changes in material costs, legislative and regulatory requirements, environmental factors, technology changes) and whether they were forseeable."]
[">The main reason for any material variance in commissioning date (e.g delays in supply of materials, environmental approvals etc) and whether they were forseeable. "]
[">How does the project align with the TNSP's asset management strategy/plan?"]
[">Reference to the project's assessment in the TNSP's Annual Planning Reports."]
[">Details of management induced capex efficiencies which have reduced costs."]
[">Major project risks and strategies undertaken to mitigate them."]
[]
["In addition, the TNSP is requested to provide:"]
["Commentary on reasons for variance"]
["Project (unique identifying number or name)"]
[]
["Project"]
[]
[]
["Project"]
[]
["Supporting information"]
["Please list documentation in support of reasons"]

{"sheet":"Opex Instructions","index":17,"n_rows":29,"n_cols":2,"rows_kept":29,"cut":false,"hidden":false,"merged":[[1,0,1,1],[2,0,5,0],[6,0,10,0],[11,0,28,0]]}
["OPEX - Instructions and definitions"]
["Note: These definitions are a guide only.  TNSPs can adapt the definition section as necessary, given consultation with the AER."]
["PURPOSE OF INFORMATION AND USE BY THE AER:","The historic worksheets are a key input into the AER's assessment of a TNSP's historic opex performance to assist it in establishing a starting point from which to set efficient opex for the next regulatory period."]
[null,"The forecast worksheets are a key input into the AER's assessment of a TNSPs proposed forecast opex."]
[null,"Key cost drivers for expenditure are important to the AER's understanding of what has happened in the current regulatory period and any step changes in opex claimed for the next regulatory period."]
[]
["INSTRUCTIONS","Data to be input on the basis of the definitions provided."]
[null,"All expenditure must relate to the provision of prescribed transmission services."]
[null,"Key cost drivers for expenditure: reasons for material changes in costs should be expanded upon in the relevant opex commentary proforma."]
[null,"Templates must be completed in accordance with the instructions contained in the AER's Submission Guidelines and Cost Allocation Guidelines."]
[null,"All cells must be filled out where possible, especially in relation to any commentary on variances. "]
["DEFINITIONS","Asset Manager Support:  those operational activities to support the strategic development and ongoing asset management of the network. Asset Management Support has 5 major sub-elements: Grid Planning, Project Support, Network Customer & Regulatory Support, IT Support, and Operational Support."]
[null,"Asset monitoring: the asset monitoring team performing remote monitoring of TNSP’s network."]
[null,"Condition based maintenance: maintenance activities based on inspection/assessment of the condition of an asset."]
[null,"Corporate Support : the support activities required by the TNSP in order to ensure adequate and effective corporate governance. The three aspects of corporate support are: Insurance, Corporate Support (the Board etc), and Other Support."]
[null,"Corrective maintenance: activities that restore a failed component to an operational state."]
[null,"Direct Charges: costs associated with owning and managing assets, which include council rates charges, water charges, electricity bills and permits etc."]
[null,"Field maintenance: includes all field activities, performed by maintenance service providers, to ensure the item of plant can perform its required functions. "]
[null,"Field Support: field-based activities performed by maintenance service providers which are not directly related to working on an item of plant."]
[null,"Key cost drivers: significant factors driving expenditure such as age and condition of assets, size of network, CPI, labour costs, legislative requirements."]
[null,"Network Monitoring and control: includes all activities in operating and monitoring assets in the field."]
[null,"Network switching: the control centre function and ongoing management of the energy management system (EMS)."]
[null,"NMS support: the telecommunications network management system (NMS).  "]
[null,"Non-network: all activities not directly related to the operation and maintenance of the network, including administrative, planning and engineering support costs. "]
[null,"Operational refurbishment: TNSP to provide definition."]
[null,"Opex: expenditure related to operating and maintaining assets which is not capex."]
[null,"Other Support: Non field based activities associated with maintenance activities.  "]
[null,"Routine maintenance: recurrent activities undertaken to maintain assets."]
[null,"Support/corporate: opex that is not directly related to maintenance activities."]

{"sheet":"Historic Capex Instructions","index":18,"n_rows":28,"n_cols":2,"rows_kept":28,"cut":false,"hidden":false,"merged":[[13,0,27,0],[1,0,1,1],[2,0,5,0],[6,0,12,0]]}
["HISTORIC CAPEX - Instructions and definitions"]
["Note: These definitions are a guide only.  TNSPs can adapt the definition section as necessary, given consultation with the AER."]
["PURPOSE OF INFORMATION AND USE BY THE AER:","The templates are key inputs into the AER's assessment of historic capex and will assist in the analysis of the TNSP's forecast capex claim."]
[null,"Specifying expenditure by project enables the AER to select projects on which to undertake more detailed analysis."]
[null,"The capex categories are essentially divided between Network and Non-network.  Network includes augmentation capex which is subject to the Regulatory Test."]
[]
["INSTRUCTIONS:","Data to be input on the basis of the definitions provided."]
[null,"All expenditure must relate to the provision of prescribed transmission services."]
[null,"Categorisation of capex should be performed according to the primary reason for expenditure."]
[null,"Capex amounts should be entered exclusive of customer contributions."]
[null,"Reasons for variance: if actual expenditure materially varies from the amount determined under the Regulatory Test/Business case, or the date of commissioning was later than planned, then reasons should be given on the Historic Capex Commentary pro forma with a brief reference in the 'Reasons for variance' column of HOE Netw and HOE Non Netw."]
[null,"Templates must be completed according to the instructions contained in the AER's Submission Guidelines."]
[null,"All cells must be filled out where possible, especially in relation to any commentary on variances. "]
["DEFINITIONS:","Augmentation: are as defined under the National Electricity Rules (NER) as works to enlarge a network or to increase the capability of a network to transmit (or distribute) active energy.  "]
[null,"Business case: a detailed cost/benefit analysis undertaken to support an investment."]
[null,"Capex: expenditure that satisfies one or more of the following requirements - relates to the purchase or construction of a new asset; increases the functionality of the asset; or extends the service life of the asset. "]
[null,"Connections: changes to connections between the transmission and distribution networks."]
[null,"Easements: land acquisitions and rights of way for transmission lines.  "]
[null,"FDC: financing during construction - finance charges up to the point of completion of the project."]
[null,"IT: Business IT expenditure."]
[null,"Other (Load Driven): anything else driven by increasing load."]
[null,"Other (Non-Load Driven): all other projects associated with the network which provides prescribed transmission services such as communications systems enhancements."]
[null,"Project ID: A unique numerical identifier for a given project"]
[null,"Project Description: A short description of the project"]
[null,"Regulatory Test: the test as promulgated by the ACCC to assess augmentation expenditure. A prudency test must be applied to other capex undertaken in the current regulatory period."]
[null,"Replacements: replacement or life extension of network assets.  "]
[null,"Security/Compliance: projects undertaken to ensure the physical security of assets and compliance with amendments to various technical, safety or environmental legislation. "]
[null,"Support the business: non-network capex relating to commercial buildings, motor vehicles and tools (but excluding IT)."]