Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Commission announces conference on ODV Handbook

Media Release

Issued Friday 12 March 2004-04/098

Electricity Lines Businesses: Commission announces conference on ODV Handbook

The Commerce Commission will hold a three-day conference from 14-16 April 2004 on its draft optimised deprival valuation (ODV) Handbook. The Commission will use the final Handbook for valuing the system fixed assets of large electricity lines businesses. This work is part of the Commission’s development of a regulatory regime for lines businesses under Part 4A of the Commerce Act.

The Commission issued its draft ODV Handbook on 23 December 2003 and invited interested parties to make written submissions on the draft. The conference in April provides an opportunity for interested parties to present their submissions orally and for the Commission to ask questions based on those submissions.

The conference will be held in the ground floor conference room located in the NGC Building, 44-52 The Terrace, Wellington. A schedule of parties presenting at the conference and conference procedures will be publicly released in advance of the conference.

Background

On 11 September 2003, the Commission released an Issues Paper relating to the development of an ODV Handbook to be used by large electricity lines businesses for the purpose of valuing their system fixed assets under the regulatory regime pursuant to Part 4A of the Commerce Act. Written submissions on the Issues Paper, due on 14 November 2003, were received from 15 interested parties. The Commission engaged Parsons Brinckerhoff Associates Ltd. (PB Associates) as the principal consultant to assist with the development of an ODV Handbook.

The Commission’s draft ODV Handbook was released on 23 December 2003 together with an associated report from PB Associates. The Commission invited written submissions on the draft Handbook by 9 February 2004 and signalled that submissions could, where appropriate, address the contents of the associated report. The Commission received 16 submissions.

The Issues Paper, draft ODV Handbook and all related submissions are published on the Commission’s website (www.comcom.govt.nz).

The Commission proposes that its ODV Handbook will be used by lines businesses to establish system fixed asset valuations as at 1 April 2004 for distribution businesses and 1 July 2004 for Transpower. The Commission proposes to use such valuations in relation to the targeted control regime and information disclosure regime under subpart 1 and subpart 3 of Part 4A of the Commerce Act, respectively.

EMDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news