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ACCC decisions pave the way for increased investment in NSW and ACTelectricity transmission networks.

Publication: M2 Presswire
Publication Date: 29-APR-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-29 April 2005-AUSTRALIAN COMPETITION AND CONSUMER COMMISSION: ACCC decisions pave the way for increased investment in NSW and ACTelectricity transmission networks(C)1994-2005 M2 COMMUNICATIONS LTD

RDATE:29042005

The Australian Competition and Consumer Commission today issued its final revenue cap decisions covering TransGrid and EnergyAustralia, the transmission network service providers in NSW and ACT.

"The decisions accommodate over $1.4 billion in new investment in the NSW and ACT transmission network over a five year period", an ACCC Commissioner, Mr Ed Willett, said. "These investment levels are unprecedented and follow over a billion dollars of transmission investment in the previous regulatory period.

"Together with the ACCC's previous decisions investment in NSW and ACT transmission networks will amount to around $2.6 billion, which more than...

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