Endeavour Energy Annual Performance Report - Parliament of New ...

More documents

Recommendations

Info

10 Appendices Table D: Conclusive presumption of overriding public interest against disclosure: matters listed in Schedule 1 to Act Number of times consideration used Overriding secrecy laws – Cabinet information – Executive Council information – Contempt – Legal professional privilege – Excluded information – Documents affecting law enforcement and public safety – Transport safety – Adoption – Care and protection of children – Ministerial code of conduct – Aboriginal and environmental heritage – Table E: Other public interest considerations against disclosure: matters listed in table to section 14 of Act Table F: Timeliness Number of occasions when application not successful Responsible and effective government 3 Law enforcement and security – Individual rights, judicial processes and natural justice 4 Business interests of agencies and other persons 1 Environment, culture, economy and general matters – Secrecy provisions – Exempt documents under interstate Freedom of Information legislation – Number of applications Decided within the statutory timeframe (20 days plus any extensions) 17 Decided after 35 days (by agreement with applicant) 1 Not decided within time (deemed refusal) – Total 18 Table G: Number of applications reviewed under Part 5 of the Act (by type of review and outcome) Decision varied Decision upheld Total Internal review – – – Review by Information Commissioner* – – – Internal review following recommendation under section 93 of Act – – – Review by ADT – – – Total – – – * As at 30 June 2011 there were two applications with the Information Commissioner for review. Table H: Applications for review under Part 5 of the Act (by type of applicant) Number of applications Applications by access applicants – Applications by persons to whom information the subject of access application relates (see section 54 of the Act) – 100
Implementation of Price Determinations Network Prices 2010-11 Each June the Australian Energy Regulator (AER) is required to approve Endeavour Energy’s proposed network prices for the upcoming financial year. On 3 June 2011 the AER advised that Endeavour Energy’s pricing proposal was compliant with Part 1 of the transitional Chapter 6 National Electricity Rules and the AER’s 2009 distribution determination and that all forecasts associated with the proposal were reasonable. The AER approved 2011–12 network prices are effective 1 July 2011. Endeavour Energy’s network tariff strategy aims to efficiently and responsibly signal the costs associated with increased demand and network congestion while recovering the necessary revenues to support our investment programs. Consistent with the tariff strategy, Endeavour Energy’s network prices are designed to: Attain revenue sufficiency within the regulatory framework. Overseas Travel • Signal the long run marginal cost of supply through network tariffs. • Manage adjustment in a socially responsible manner. • Improve cost reflectivity and reduce revenue variability. • Preserve TransGrid’s transmission price signals where possible. • Encourage tariff and non-tariff based demand management opportunities, including voluntary time of use tariffs and tariffs that target network constraints on a locational basis. Regulated Retail Determination 2010–13 On 1 March 2011, Endeavour Energy (formerly known as Integral Energy Australia) completed the sale of its retail business (including the name Integral Energy Australia) to Origin Energy as part of the NSW Government’s energy reform strategy. As at 1 March 2011, Origin Energy assumed the role of Standard Retail Supplier for customers within the Endeavour Energy network supply area. The Independent Pricing and Regulatory Tribunal (IPART) regulates the prices that a Standard Retail Supplier may charge customers whose electricity is supplied under a standard form supply contract. On 14 June 2011, IPART released its review into the total energy cost allowance and the subsequent impact on regulated retail charges to apply from 1 July 2011. For a typical medium sized residential customer using 7,000 kWh per annum, IPART has estimated that the regulated retail price will increase on average by 15.5% in 2011–12. Customers supplied within the Ausgrid and Essential Energy network areas are estimated to experience a regulated retail price increase of 17.9% and 18.1%, respectively. The two main drivers of this increase are the AER approved rise in network charges (approximately 47% of the increase) and the new costs arising from changes to the Renewable Energy Target (RET) scheme (approximately 40% of the increase). The remainder of the increase is the result of increased wholesale energy costs and retail costs and margin. Date from Date to Name Destination Purpose 18 August 2010 19 August 2010 Peter Norrie India Switchgear Factory Inspection 21 August 2010 27 August 2010 Graeme Browne Arvind Reddy South Korea Factory Acceptance Testing of Switchboard 3 September 2010 18 September 2010 Joseph Pizzinga New York/Bermuda/ London/Zurich GLIS Overseas Insurer presentations 6 November 2010 13 November 2011 Abdul Qureshi Vietnam Witness testing of Transformers 11 November 2010 13 November 2010 Rod Howard New Zealand 2010 Annual Meeting – Australian National Committee of CIGRE 7 January 2011 12 January 2011 Abeyratne Jude Presanne Perera Sri Lanka Cable Factory Inspection 4 February 2011 19 February 2011 Abdul Qureshi South Korea Cable Factory Inspection 3 May 2011 6 May 2011 Geoff Woods New Zealand CIGRE Meeting 6 May 2011 24 May 2011 David Campbell Peter Langdon 6 May 2011 22 May 2011 Rod Howard Matthew Webb United States – United Kingdom – Iceland – Ireland – Hong Kong United States – United Kingdom – Portugal – Italy Study visit – Field Force Automation and Customer Reliability Improvements Study visit – Developments in Smart Grid 12 June 2011 16 June 2011 Glen Ford India Transformer Factory Inspection Endeavour Energy Annual Performance Report 2010–11 101
Page 1 and 2:
ANNUAL PERFORMANCE REPORT 2010-11 I
Page 3 and 4:
Contents LETTER TO SHAREHOLDING MIN
Page 5 and 6:
YeAR at a Glance Items 2009-10 2010
Page 7 and 8:
To that end, we pursued our second
Page 9 and 10:
Endeavour Energy’s six strategic
Page 11 and 12:
Performance indicator: lost time in
Page 13 and 14:
Performance indicator: Capital expe
Page 15 and 16:
Efficiency reviews to reduce costs
Page 17 and 18:
Each year we investigate bushfire r
Page 19 and 20:
STRATEGIC OBJECTIVE 6 - DELIVER PER
Page 21 and 22:
Network Strategy Network business o
Page 23 and 24:
Major works in progress 2010-11 con
Page 25 and 26:
Major works in progress 2010-11 con
Page 27 and 28:
The NSW Code of Practice - Demand M
Page 29 and 30:
Network-related calls increased fro
Page 31 and 32:
New apprentices vital to our workfo
Page 33 and 34:
Equal employment opportunity As par
Page 35 and 36:
Multicultural policies and services
Page 37 and 38:
06 8 % reduction in greenhouse emis
Page 39 and 40:
Environmental management system Our
Page 41 and 42:
ENDEAvoUR ENERGY’S GoveRNANCE AND
Page 43 and 44:
EXECUTIve LEADERshIP TEAM Vince Gra
Page 45 and 46:
08 $ 245 m operating profit after t
Page 47 and 48:
Debt Balance sheet debt increased b
Page 49 and 50:
Directors’ Report For the yEAR en
Page 51 and 52: Statement of Comprehensive Income F
Page 53 and 54: Statement of Changes in Equity For
Page 55 and 56: Statement of Cash Flows For the yEA
Page 57 and 58: 2 Statement of Significant Accounti
Page 65 and 66: 4 Expenses 2011 $’000 2010 $’00
Page 67 and 68: 5 Gain/(loss) on sale of Retail bus
Page 69 and 70: 7 Deferred Tax (Assets)/Liabilities
Page 71 and 72: 8 Cash Flow Information continued (
Page 73 and 74: 9 Trade and Other Receivables conti
Page 75 and 76: 12 property Plant and Equipment con
Page 77 and 78: 13 Intangible Assets Software $’0
Page 79 and 80: 14 Employee Benefits - Superannuati
Page 81 and 82: 16 Other Current Liabilities 2011 $
Page 83 and 84: 21 Financial Instruments continued
Page 91 and 92: 23 Expenditure Commitments continue
Page 93 and 94: 27 prudential Requirements An unsec
Page 95 and 96: Appendices Contents Five-year stati
Page 97 and 98: Australian Financial Services Licen
Page 99 and 100: Executive Remuneration General prin
Page 101: Table A: Number of applications by
Page 105 and 106: GLossARY The Australian Consumer La
Page 107: Ausgrid LOCATIONS and contacts Kand
show all

Endeavour Energy Annual Performance Report - Parliament of New ...

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?