Request to re-open TransGrid's revenue cap

The AER has decided to revoke and substitute TransGrid's 2004/05 to 2008/09 revenue cap under clauses 6.2.4(d)(2) and 6.2.4(e) of the National Electricity Rules. TransGrid requested this re-opening on the grounds that there was a material error in setting its revenue cap in 2005. The AER's reasons for this decision and the amendments to TransGrid's revenue cap are set out in the attached decision document.