❓ A parliamentary question regarding the impact of assumed tariff increases on Verve Energy's earnings before interest and tax (EBIT). The Minister's answer indicates Verve Energy's revenue is independent of retail tariffs.
AnsweredQoN 7550Legislative 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 Verve Energy 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 Verve Energy 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 Verve Energy 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 Verve Energy 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) Verve Energy's revenue is independent of retail tariffs set by government as it pays for its generation supply through contractual arrangements.
(b) Not applicable.
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(b) Not applicable.
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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