ABDP
|
Amadeus Basin to Darwin Pipeline (Northern Territory)
|
ACCC
|
Australian Competition and Consumer Commission
|
AGL
|
The Australian Gas Light Company
|
AGLES&M
|
AGL Energy Sales & Marketing Limited
|
ANP
|
Australian National Power
|
ATO
|
Australian Taxation Office
|
BG
|
British Gas Transco or British Gas plc
|
CAPM
|
capital asset pricing model
|
Code
|
National Third Party Access Code for Natural Gas Pipeline Systems
|
Commission
|
Australian Competition and Consumer Commission
|
Covered pipeline
|
pipeline to which the provisions of the code apply
|
CPI
|
consumer price index
|
CCA
|
current cost accounting: an accounting framework in which the value of capital assets is maintained in real terms by the application of an index for changes in the general level of prices or in a specific range of prices
|
CW
|
Connell Wagner Pty Ltd
|
DAC
|
depreciated actual cost
|
DBNGP
|
Dampier to Bunbury Natural Gas Pipeline
|
DEA
|
data envelopment analysis, referred to by TGT
|
DEI
|
Duke Energy International
|
DORC
|
depreciated optimised replacement cost
|
EAPL
|
East Australian Pipeline Limited, operator of the Moomba-Sydney Pipeline System prior to the June 2000 float of the Australian Pipeline Trust
|
EBB
|
electronic bulletin board
|
EGP
|
Eastern Gas Pipeline (Victoria/New South Wales)
|
Epic
|
Epic Energy South Australia Pty Ltd
|
ETSA
|
ETSA Power, acquired, since its submission was made, by a member company of the AGL group
|
GUF
|
gas unaccounted for
|
GJ
|
gigajoule
|
GPA
|
GPA Engineering Pty Ltd
|
GPAL or Law
|
both terms refer to Gas Pipelines Access (South Australia) Law or Gas Pipelines Access Law
|
GSN
|
Great Southern Energy Gas Networks Pty Limited
|
GST
|
goods and services tax
|
haulage
|
the term generally applied in this Final Decision to the service provided by the operator or owner of a gas pipeline transmission system. Also described in the industry as ‘transmission’ or ‘transportation’ of gas
|
ICB
|
initial capital base
|
imputation tax credit
|
the deduction from an Australian shareholder’s personal tax liability that the shareholder can claim when an Australian company pays dividends from profits that have been subject to Australian corporate tax
|
IPART
|
Independent Pricing and Regulatory Tribunal, New South Wales
|
KPI
|
key performance indicator
|
kW
|
kilowatt (unit of power)
|
Law or GPAL
|
Gas Pipelines Access (South Australia) Law or Gas Pipelines Access Law
|
m
|
million
|
MAPS or MAP
|
Moomba to Adelaide Pipeline System
|
MDQ
|
maximum daily quantity
|
NGPAA 1995
|
Natural Gas Pipelines Access Act (South Australia) 1995
|
MHQ
|
maximum hourly quantity
|
MMC
|
Monopolies and Mergers Commission (Great Britain), now known as the ‘Competition Commission’
|
MPa
|
megapascal (unit of pressure)
|
MRP
|
market risk premium
|
MSOR
|
market and system operations rules (Victoria)
|
MSPS
|
Moomba - Sydney Pipeline System
|
NAdb
|
NAdb Energy Services Pty Ltd
|
NGASA
|
Natural Gas Authority of South Australia
|
NPV
|
net present value
|
O&M
|
operating and maintenance (costs)
|
OEP
|
Office of Energy Policy (SA)
|
OFO
|
operational flow order
|
ORG
|
Office of the Regulator-General (Victoria)
|
Origin Energy
|
Origin Energy Limited, known as ‘Boral Energy Limited’ until February 2000, when it was publicly listed
|
p.a.
|
per annum
|
PASA
|
Pipelines Authority of South Australia, the operator of MAPS prior to Tenneco Energy and Epic Energy
|
PCQ
|
primary capacity quantity
|
PIRSA
|
Primary Industries and Resources SA
|
PJ
|
petajoule (equal to 1 000 000 GJ)
|
SA
|
South Australia
|
SAGEUG
|
South Australian Gas and Electricity Users Group
|
SAIPAR
|
South Australian Independent Pricing and Access Regulator
|
SCADA
|
supervisory communications and data acquisition (for monitoring and control of pipeline gas flows)
|
shipper
|
an alternative term generally used in this Final Decision to describe an existing user of MAPS
|
SPC
|
system primary capacity
|
SSC
|
system secondary capacity, a term used by Boral in its submission
|
STC
|
Stephen Timms Consulting Pty Ltd
|
TCF
|
trillion cubic feet (volume of gas)
|
Tenneco
|
Tenneco Gas Australia, which later became Tenneco Energy Australia and subsequently, Epic Energy
|
TFP
|
total factor productivity
|
TGT
|
Terra Gas Trader Pty Ltd, trading as ‘Terra Gas trader’
|
TJ
|
terajoule (equal to 1 000 GJ)
|
TPA
|
in this Final Decision, refers to both Transmission Pipelines Australia Pty Ltd and Transmission Pipelines Australia (Assets) Pty Ltd
|
UAG
|
unaccounted-for gas
|
vanilla WACC
|
the nominal weighted average of the cost of equity and debt to the business before any adjustments for taxes and change in the general level of prices
vanilla WACC = E/V.Re + D/V.Rd
where Re is the post-tax cost of equity determined by the CAPM formula;
Rd is the pre-tax nominal cost of debt
|
Victorian Code
|
Victorian Third Party Access Code for Natural Gas Pipeline Systems
|
WACC
|
weighted average cost of capital
|
