ERA issues further final decision on Goldfields Gas Pipeline access arrangement

APA Group (ASX:APA) notes that the Economic Regulation Authority (ERA) of Western Australia has today released its further final decision on the proposed 2010‐2014 access arrangement for the Goldfields Gas Pipeline (GGP). The reference tariff charges in the access arrangement apply to approximately 40 per cent of the annual revenue APA receives from the GGP.

Following the release of the ERA’s final decision of 13 May 2010, APA on behalf of the GGP owners submitted an access arrangement with revisions to elements of the final decision.

The ERA has not accepted APA’s revisions. The further final decision installs an access arrangement prepared by the ERA which reflects the requirements and tariffs specified in its final decision. These tariffs come into effect on 20 August 2010.

APA Managing Director Mick McCormack said: "While this further final decision will not have a material impact on APA’s overall revenue we will consider the appropriateness of pursuing the appeals process available within the regulatory framework."

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