❓ I refer to Table 8.1 on page 286 of Budget Paper No.3 of the 2011–12 Budget, and I ask: (a) has the Minister sought or received advice on the effect on earnings before interest and tax
AnsweredQoN 7548Legislative Assembly
QuestionView source ↗
I refer to Table 8.1 on page 286 of Budget Paper No.3 of the 2011–12 Budget, and I ask:
(a) has the Minister sought or received advice on the effect on earnings before interest and tax for Horizon Power in the financial years 2012–13, 2013 –14 and 2014–15 by applying the assumed increase in tariffs detailed in the Budget Papers;
(b) what is the effect on earnings before interest and tax for Horizon Power in the financial years 2012–13, 2013–14 and 2014–15 by applying the assumed increase in tariffs detailed in the Budget Papers?
(a) has the Minister sought or received advice on the effect on earnings before interest and tax for Horizon Power in the financial years 2012–13, 2013 –14 and 2014–15 by applying the assumed increase in tariffs detailed in the Budget Papers;
(b) what is the effect on earnings before interest and tax for Horizon Power in the financial years 2012–13, 2013–14 and 2014–15 by applying the assumed increase in tariffs detailed in the Budget Papers?
AnswerView source ↗
Answered
2 May 2012
Responded by
Minister representing the Minister for Energy
Response time
42 days
(a) Yes.
(b) Horizon Power is compensation by the Government for non cost reflective tariffs through the tariff adjustment payment and Tariff Equalisation Fund. As a result, any changes to tariffs does not have an impact on Horizon Power's earnings before interest and tax as it is offset by an amendment to the tariff adjustment payment.
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(b) Horizon Power is compensation by the Government for non cost reflective tariffs through the tariff adjustment payment and Tariff Equalisation Fund. As a result, any changes to tariffs does not have an impact on Horizon Power's earnings before interest and tax as it is offset by an amendment to the tariff adjustment 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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