NATIONAL THIRD PARTY ACCESS CODE FOR NATURAL GAS PIPELINE SYSTEMS - REG 8.19
NATIONAL THIRD PARTY ACCESS CODE FOR NATURAL GAS PIPELINE SYSTEMS - REG 8.19
8.19
The Reference Tariff
Policy may also provide that an amount in respect of the balance of the New
Facilities Investment may subsequently be added to the Capital Base if at any
time the type or volume of Services provided using the New Facility change
such that any part of the Speculative Investment Fund (as defined below) would
then satisfy the requirements of section 8.16(a). The amount of the
Speculative Investment Fund at any time is equal to:
(a) the
difference between the New Facilities Investment and the Recoverable Portion,
less any amount the Service Provider notifies the Relevant Regulator (at the
time the expenditure is incurred) that it has elected to recover through a
Surcharge under section 8.25 (Speculative Investment); plus
(b) an
annual increase in that amount calculated on a compounded basis at a rate of
return approved by the Relevant Regulator which rate of return may, but need
not, be different from the rate of return implied in the Reference Tariff;
less
(c) any
part of the Speculative Investment Fund previously added to the Capital Base
under this section 8.19.
[Section 8.19 amended: Gazette
2 May 2003 p. 1526 and 1527.]