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


Electricity Lines Businesses: ODV Handbook

Electricity Lines Businesses: ODV Handbook - Conference Details

The Commerce Commission will hold a three day conference next week on its draft Optimised Deprival Valuation (ODV) Handbook. The conference is part of the Commission’s consultation with interested parties on the development of an ODV Handbook for large electricity 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 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 from Wednesday 14 April to Friday 16 April 2004 in the Commission’s ground floor conference room located in the NGC Building, 44-52 The Terrace, Wellington. A copy of the conference programme is attached.

The Commission received 16 submissions on its draft ODV Handbook. All submissions, and a copy of the Commission’s draft ODV Handbook, can be found on the Commission’s website,

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 (distribution businesses and Transpower New Zealand Limited) 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 ODV Handbook by 9 February 2004 and indicated 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 (

The Commission proposes that the finalised ODV Handbook resulting from the ongoing consultation process 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 both targeted control regime and the information disclosure regime under subpart 1 and subpart 3 of Part 4A of the Commerce Act, respectively.

© Scoop Media

Business Headlines | Sci-Tech Headlines


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>>


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>>


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>>


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>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news