❓ A WA parliamentary question seeks information on outstanding creditor payments for various energy corporations as of June 30, 2007, and measures taken to expedite these payments. Responses vary across entities, with some referencing previous questions and others detailing specific actions.
AnsweredQoN 5195Legislative Council
QuestionView source ↗
(1) The amount and number of creditors outstanding for greater than 120 days, as at 30 June 2007?
(2) What measures, if any, have been taken in the period between 1 July 2006 and 30 June 2007 to expedite payments to creditors?
(2) What measures, if any, have been taken in the period between 1 July 2006 and 30 June 2007 to expedite payments to creditors?
AnswerView source ↗
Answered
27 September 2007
Responded by
Leader of the House representing the Minister for Energy
Response time
30 days
The Minister for Energy has been provided with the following response
Horizon Power
1) $973.25 owed to 5 creditors.
2) Reasons for late payment include non-adherence to Horizon Power purchasing guidelines, and mismatching between order and invoice details (invoice received from a company different from that on whom the order was placed).
Horizon Power endeavours to pay all invoices within the agreed payment terms. Horizon Power continues to follow up payment reminders and statements, and initiate contact with creditors when there is any apparent discrepancy between an order, goods or services received, and invoices.
Independent Market Operator
(1) Please refer to question on notice LA 2558.
(2) First half of the Financial Year for the period of 1 July 2006 - 31 December 2006 please refer to question on notice LC 4571. Second half of the Financial Year for the period of 1 January 2007 - 30 June 2007 the answer is not applicable.
Office of Energy
(1) Please refer to question on notice LA 2558.
(2) Not applicable.
Synergy Energy
(1) Nil
(2) To expedite payments to creditors, we have increased the number of electronic funds transfer and cheque payments from one to two per week for each method. We have also moved to a web based payment system for electronic funds transfer and direct credit payments to ensure more secure and faster payments.
Verve Energy
(1) Please refer to question on notice LA 2558.
(2) A monthly review of creditors aging report is carried out. Any disputed invoices are followed up and clarified, and the suppliers' statement of accounts are reviewed.
Western Power
(1) $25,131 owed to 6 creditors.
(2) Accounts payable department have put into place procedures to review the balance of creditors outstanding on a weekly basis, with the intention of resolving issues holding up payment.
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Horizon Power
1) $973.25 owed to 5 creditors.
2) Reasons for late payment include non-adherence to Horizon Power purchasing guidelines, and mismatching between order and invoice details (invoice received from a company different from that on whom the order was placed).
Horizon Power endeavours to pay all invoices within the agreed payment terms. Horizon Power continues to follow up payment reminders and statements, and initiate contact with creditors when there is any apparent discrepancy between an order, goods or services received, and invoices.
Independent Market Operator
(1) Please refer to question on notice LA 2558.
(2) First half of the Financial Year for the period of 1 July 2006 - 31 December 2006 please refer to question on notice LC 4571. Second half of the Financial Year for the period of 1 January 2007 - 30 June 2007 the answer is not applicable.
Office of Energy
(1) Please refer to question on notice LA 2558.
(2) Not applicable.
Synergy Energy
(1) Nil
(2) To expedite payments to creditors, we have increased the number of electronic funds transfer and cheque payments from one to two per week for each method. We have also moved to a web based payment system for electronic funds transfer and direct credit payments to ensure more secure and faster payments.
Verve Energy
(1) Please refer to question on notice LA 2558.
(2) A monthly review of creditors aging report is carried out. Any disputed invoices are followed up and clarified, and the suppliers' statement of accounts are reviewed.
Western Power
(1) $25,131 owed to 6 creditors.
(2) Accounts payable department have put into place procedures to review the balance of creditors outstanding on a weekly basis, with the intention of resolving issues holding up payment.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
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