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Aurizon Holdings Notes Aurizon Networks Responds to QCA UT5 Draft Decision

13 Mar 2018  |  08:37:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Aurizon Networks Response to QCA UT5 Draft Decision

Aurizon Holdings noted that Aurizon Network has submitted its response to the Qld Competition Authority's (QCA) Draft Decision on Aurizon Network's 2017 Draft Access Undertaking. The submission acknowledges a range of positions taken by the QCA in its Draft Decision, however Aurizon Network believes the QCA fundamentally fails to recognise the commercial and regulatory risks Aurizon Network undertakes in operating the Central Qld Coal Network (CQCN). The overall reasonableness of the QCA' proposed Maximum Allowable Revenue (MAR) of $3.893bn, a reduction of $1bn from the MAR originally proposed by Aurizon Network. llogically, the QCA has asserted that the UT5 MAR should be lower than the current access undertaking (UT4).

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