26 Sept 2011
VECTOR LIMITED V COMMERCE COMMISSION HC WN CIV-2011-485-536
- Citation
- openlaw-a33bd16b_a06f_4aee_a8b2_033d80976ac7.pdf
- Court
- High Court
The Court held the Commission misinterpreted Part 4 by failing to determine and publish IMs for valuation of assets, allocation of common costs and treatment of taxation as applicable to Electricity DPP regulation and by failing to determine and publish a stand-alone SPA IM; further held s54K(3) permits a reset only to the extent a subsequently published IM would have materially altered the original DPP, therefore the Commission must consult and publish the required IMs and SPA IM before any s54K(3) reset based on those methodologies.