APA Group (ASX:APA) notes that Western Australia’s energy regulator, the Economic Regulation Authority, has today released its draft decision on the proposed 2010‐2014 Access Arrangement for the Goldfields Gas Pipeline.
APA owns 88.2% of the Goldfields Gas Pipeline. The tariffs to be established under the Access Arrangement will apply to contracts comprising approximately 40% of APA’s revenue from the pipeline.
APA does not agree with the draft decision and considers that the proposed Access Arrangement and tariffs are reasonable and cmply with the Gas Code.
APA will be making a detailed submission on the draft decision and will work constructively with the Authority to demonstrate tat the proposed Access Arrangement should be approved.
A six week consultation period, extending to 27 November 2009, applies.