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BRIEF-Ausnet Services says AER rejected Co's proposed gas marketing program

Published 06/07/2017, 10:00 am
Updated 06/07/2017, 10:10 am
© Reuters.  BRIEF-Ausnet Services says AER rejected Co's proposed gas marketing program
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July 6 (Reuters) - Ausnet Services Ltd AST.AX

* Asx alert-Gas access arrangement review - AER draft decision-ast.ax

* AER has rejected Ausnet Services' proposed gas marketing program which accounts for majority of reduction in operating expenditure

* Is reviewing draft decision thoroughly to determine its full impact

* Reduction in revenue from co's proposal predominantly results from AER adopting its preferred value of imputation credits

* Australian energy regulator published draft decision on Ausnet Services' 2018-22 gas access arrangement review proposal

* Final decision on the proposal is expected by 29 November 2017 Source text for Eikon: Further company coverage: AST.AX

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