ERA releases draft decision on Goldfields Gas Pipeline

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.   

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