Further to our discussions earlier this week, we have conducted a thorough review of public documentation to further support the cost of equity as submitted in the Sydney Desalination Plant Pty Ltd (SDP) 2012 pricing determination submission.
In accordance with Section 31 of the Sydney Water Act, 1994 (NSW), the Independent Pricing and Regulatory Tribunal of New South Wales has completed the audit of Sydney Water’s compliance with the requirements of its 2010-2015 Operating Licence.
In accordance with Section 31 of the Sydney Water Catchment Management Act, 1998 (NSW), the Independent Pricing and Regulatory Tribunal of New South Wales has completed the audit of Sydney Catchment Authority’s compliance with the requirements of