AIA
30/10/2014 11:06
GENERAL
REL: 1106 HRS Auckland International Airport Limited
GENERAL: AIA: AIA Commerce Commission WACC announcement
Media Release l 30 October 2014
Commerce Commission's WACC announcement
Auckland Airport has received the Commerce Commission's final report on
proposed changes to the Weighted Average Cost of Capital (WACC) for the
price-controlled, electricity and gas sectors.
Adrian Littlewood, Auckland Airport's chief executive, says, "This report
from the Commerce Commission on WACC does not directly impact Auckland
Airport."
"As we highlighted when the draft report was published by the Commission in
July this year, the Commission is separately considering whether it needs to
make any changes to its WACC estimation range for monitoring airports. We
will continue to work with the Commission during this review process."
WACC is the cost of raising capital, either through debt or equity. Although
not mandatory, once finalised the Commission's WACC methodology for airports
will be an important reference point for airports in setting charges. It will
be used by the Commission to monitor aeronautical returns over time.
Ends
For further information please contact:
Simon Lambourne
+64 27 477 6120
[email protected]
End CA:00257000 For:AIA Type:GENERAL Time:2014-10-30 11:06:50
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