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.
Letter from Greg Pearce MLC, Minister for Finance and Services, approving an extension for the review of prices for the Sydney Desalination Plant Pty Ltd until 9 December 2011.
IPART's final decision is to move to a post-tax cost of capital model. This final report sets out how we will move from pre-tax to a post-tax cost of capital approach using an effective rather than a statutory tax rate.
