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Company News Summary

Chorus Reduces Indicative Maximum Allowable Revenue Range

06 Apr 2021  |  07:33:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Chorus reduces indicative Maximum Allowable Revenue range

Chorus provided an update to the indicative maximum allowable revenue (MAR) range of $715m to $755m p.a. included in its Initial Asset Value presentation update of 26 March 2021, to a reduced range of $680m to $710m p.a. for the first regulatory period. The Company is continuing to refine, and perform assurance over, its MAR model, which it expects to provide to the Commission in May 2021. The final risk-free rate will be set based on the average over the three months ending 31 May 2021.

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