❓ Mr. Wyatt questions the impact of electricity and water tariff increases on dividend increases for the Department of Treasury and Finance. The Treasurer clarifies that electricity tariff increases are offset by reduced subsidies, and water dividend forecasts are actually decreasing.
AnsweredQoN 3263Legislative Assembly
QuestionView source ↗
Page 144 of 2010–2011 State Budget Paper No. 2 details that total dividends administered by the Department of Treasury and Finance are estimated to increase by $124.4 million from what was listed in the 2009–2010 State Budget. In relation to this, I ask:
(a) how much of this increase is contributed by increases to electricity charges and fees;
(b) how much of this increase in dividends is dependant on the 10% increase to the A1/A2 electricity tariff in 2010–2011; and
(c) how much of this increase in dividends is dependant on the 17.7% increase to the average household water charge?
(a) how much of this increase is contributed by increases to electricity charges and fees;
(b) how much of this increase in dividends is dependant on the 10% increase to the A1/A2 electricity tariff in 2010–2011; and
(c) how much of this increase in dividends is dependant on the 17.7% increase to the average household water charge?
AnswerView source ↗
Answered
10 August 2010
Responded by
Minister representing the Minister for Treasurer
Response time
48 days
(a) No portion of the dividend increase is attributable to the increases in electricity charges and fees, as an offsetting reduction in the Community Service Obligation (operating subsidy) payment ensures these tariff increases have no net impact on the profitability of, and therefore the dividend payments from, the electricity entities.
(b) No portion of the dividend increase is attributable to the increase in the A1/A2 electricity tariff in 2010-11 as an offsetting reduction in the Community Service Obligation (operating subsidy) payment ensures these tariff increases have no net impact on the profitability of, and therefore the dividend payments from, the electricity entities.
(c) Not applicable. After taking into account changes to both revenue and costs, the dividends forecast for the Water Corporation in the 2010?11 Budget are expected to decrease by approximately $15.2 million in 2010?11 compared to the 2009-10 estimated actual.
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(b) No portion of the dividend increase is attributable to the increase in the A1/A2 electricity tariff in 2010-11 as an offsetting reduction in the Community Service Obligation (operating subsidy) payment ensures these tariff increases have no net impact on the profitability of, and therefore the dividend payments from, the electricity entities.
(c) Not applicable. After taking into account changes to both revenue and costs, the dividends forecast for the Water Corporation in the 2010?11 Budget are expected to decrease by approximately $15.2 million in 2010?11 compared to the 2009-10 estimated actual.
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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