APA Group · ASX:APA
APA — Corporate Update (June 2020)
18 slides from APA's corporate update, Jun 11, 2020
Slide 1: Amadeus Consumer Reference Group 2021–26 access arrangement revision
Amadeus Consumer Reference Group 2021–26 access arrangement revision Roundtable 4: What we heard and how we responded; feedback 11 June 2020, via Microsoft Teams
Slide 2: Agenda for today
Agenda for today Agenda item Content Timing 1 Welcome again 5 mins Who’s on the line House rules 2 Recap of previous roundtable 5 mins 3 What we have heard from you and how we responded 15 mins 4 Discussion 30 mins 5 Summing up and next steps 5 mins 2
Slide 3: Welcome & house rules
Welcome & house rules • Introductions • House rules • The online format has been introduced due to COVID-19 • This is intended be an open discussion between the reference group and APA • We welcome any issue or question about the access arrangement and its context • The main rule we propose is that
Slide 4: What are we hoping to achieve?
What are we hoping to achieve? 4
Slide 5: Last roundtable meeting
Last roundtable meeting • In this meeting we shall: • recap – albeit briefly – on what we have learned from you in our previous roundtable meetings • explain how we have sought to incorporate what we have learned into our proposed revisions to the Access Arrangement for the Amadeus Gas Pipeline. • W
Slide 6: Roundtable 3b: brief recap
Roundtable 3b: brief recap apa,
Slide 7: Proposed reference tariffs
Proposed reference tariffs 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 Firm service $/GJ MDQ 0.5470 0.3374 0.3284 0.3188 0.3111 0.3028 Interruptible service $/GJ n.a. 0.3374 0.3284 0.3188 0.3111 0.3028 • Significantly lower firm service reference tariff • New interruptible service reference tari
Slide 8: Other access arrangement issues
Other access arrangement issues • Reference tariff variation mechanism: can apply to both firm service and interruptible service reference tariffs, requires updating – but no substantial change • Queuing requirements: retain the first come, first served queue; remove priority of pre-existing agreeme
Slide 9: What have we learned?
What have we learned? apd, energy. connected.
Slide 10: Setting the scene: roundtable meeting 1
Setting the scene: roundtable meeting 1 • Energy prices the number one concern for businesses and electricity consumers in the Northern Territory • Short-term businesses are facing tough conditions; longer term, lower cost energy important for long term economic development We are aware of concerns
Slide 11: Getting to the detail: roundtable meeting 2
Getting to the detail: roundtable meeting 2 • A key concern was the lack of available firm capacity for gas transportation in the AGP • Relationship between Amadeus and PWC in so far as it affects the rights of other users on the AGP • Interruptible service in APA’s standard gas transportation agree
Slide 12: Revenue and pricing: roundtable meetings 3a
Revenue and pricing: roundtable meetings 3a • Our capital expenditure forecast was questioned: further scrutiny should be given to the largest single “line item”, motor vehicles • We were asked about the asset lives we used for calculating depreciation • We were asked about the differences between O
Slide 13: Revenue and pricing: roundtable meetings 3b
Revenue and pricing: roundtable meetings 3b • We provided all of our tariff materials: demand forecast, costs (total revenue) and price calculations • We did not receive feedback at our last meeting There is still time for us to take into account views you may have 13
Slide 14: Discussion
Discussion energy. connected.
Slide 15: Over to you
Over to you • Questions on the information we have provided • Questions about the process • Comments on the reference group meetings: their form, their content, their value • What could we do better? 15
Slide 16: Wrapping up and next steps
Wrapping up and next steps 16
Slide 17: Wrap up
Wrap up • Thank you for participating – we appreciate the time you have given to talk with us • Thanks to Nicole and her team at GHD: for hosting our earlier meetings, and for facilitating the later web-based meetings • This is not the end of process • We must submit our access arrangement revision
Slide 18: For further information contact
For further information contact: Or visit the APA website: John Williams apa.com.au Manager Regulatory +61 8 6189 4594 [email protected] Or Amadeus engagement webpage: apa.com.au/about-apa/our- Nives Matosin projects/amadeus-gas-pipeline- Manager Regulatory access-arrangement/. +61 2 9693 008