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• Electricity Regulations 1999
• List of Amendments
• Issues on Amendments
• Handbook for OD Valuation 1999
• Handbook for OD Valuation 2000
• Amending Regulations
• Electricity Line Companies

• Disclosure of "User-Friendly" Summaries
• Public Disclosure of ODV Reports

Disclosure of "User-Friendly" Summaries

30. In order to make disclosed information more accessible to the general public, the Ministry proposes that line companies be required to disclose "user-friendly" summaries of their disclosures (in addition to their full disclosures). This follows the Government announcement on 7 April 1998.

31. It is proposed that:

• A standard template for the "user friendly" summaries would be prepared by the Ministry (it is likely that the template would cover profits, costs and reliability).
• Companies would be required to complete the template, filling in the relevant figures from their own disclosures.
• The summary would also include data about the industry averages and ranges of figures for each measure. This data would be calculated by the Ministry of Commerce once all companies had made their annual disclosures and would be notified to the companies by the Ministry. The deadline for companies to disclose the summaries would be one month after the Ministry had notified companies of the average and range data.
• Companies would be required to:
  1. publish the "user-friendly" summary in their local newspaper;
  2. make the summary available on request to any interested person (by making copies available at their offices or by posting them to people on request);
  3. publish the summary on the Internet; and
  4. provide copies of their summary to the Ministry of Commerce.

Public Disclosure of ODV Reports

32. Under Regulation 14A(1), line owners are required to make "valuation reports" available for inspection at their principal company office. In order to make disclosed information more accessible to the general public, the Ministry proposes that the Regulations require that copies of the valuation reports be provided to any person requesting one, as with most other data.

33. This measure is considered desirable given the importance of ODV valuations, and will not increase compliance costs as the Electricity Act has been amended to allow for recovery of reasonable costs of supplying information.