We approved a mechanism to allow Coliban Water to apply for tariff adjustments to deal with the impact of uncertain and unforeseen events.
Coliban Water interim period price application review 2008
- Project started
- Project completed
Overview
Examples of uncertain and unforeseen events that could justify an application under this mechanism include:
- significant changes in the timing or costs associated with major capital (or other) projects
- significant differences between actual and forecast demand levels
- changes in legislative and other government-imposed obligations, including the introduction of a national emissions trading scheme
- catastrophic events such as fire, earthquake or act of terrorism and/or
- any other events that are not within the business' control and for which we consider an adjustment is required.