The AER has conditionally approved Powerlink’s application to amend its 2007–12 transmission network revenue cap to meet the additional cost of undergrounding a section of a project to support the augmentation of supply to the north-eastern Brisbane area (South Pine to Sandgate).
This approval is subject to Powerlink formally notifying the AER that planning approval has been received. Upon receipt of the planning approval the AER will notify Powerlink that an adjustment may be made to its revenue determination to take account of this contingent project.
A copy of the letter sent to Powerlink and the AER's Statement of reasons are attached.