AST ausnet services limited
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News: Regulator to cap SP AusNet charges

  1. FNN News
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    30/08/13
    11:31
    Post #: 12265747
    .


    SP AusNet (ASX:SPN) is likely to have its charges cut in Victoria by the Australian energy regulator.


     


    The regulator's draft decision caps SP AusNet's revenue at $1.53 billion over three years from next April.


     


    That’s a 4.4 per cent reduction on the total revenue proposed by the network provider. 


     


    AER chairman Andrew Reever says the decision could be significant for large industrial customers. 


     


    SP AusNet generated a net profit of $279.1 million for fiscal 2013.

    AST Price at posting: $1.15 Sentiment: None Disclosure: Held
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