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BRIEF-Aurizon Holdings Notes QCA's Ut5 Draft Decision

Published 18/12/2017, 11:22 am
Updated 18/12/2017, 11:30 am
© Reuters.  BRIEF-Aurizon Holdings Notes QCA's Ut5 Draft Decision

Dec 18 (Reuters) - Aurizon Holdings Ltd AZJ.AX :

* NOTES THAT QCA PUBLISHEED ITS UT5 DRAFT DECISION

* IF IMPLEMENTED DRAFT DECISION WOULD HAVE SIGNIFICANT IMPLICATIONS ON OPERATIONAL EFFICIENCY & RELIABILITY OF CENTRAL QUEENSLAND COAL NETWORK

* RESULT OF IMPLEMENTATION WOULD BE AN OVERALL DETERIORATION IN PERFORMANCE OF EXPORT SUPPLY CHAIN THAT SERVES QUEENSLAND COAL INDUSTRY

* AURIZON CONFIRMS ITS PREVIOUS GUIDANCE FOR FY2018

* UNABLE TO RECONCILE A NUMBER OF ELEMENTS OF DRAFT DECISION, INCLUDING REQUIRING ONE AURIZON TO MAINTAIN AN ASSET BASE THAT IS $1 BILLION LARGER

* QCA'S PROPOSED MAXIMUM ALLOWABLE RREVENUE OF $3.893 BILLION IS $999 MILLION BELOW CO'S UT5 SUBMISSION

* DRAFT DECISION PROPOSED THAT AURIZON NETWORK'S OVERALL MAXIMUM ALLOWABLE REVENUE FOR REGULATORY PERIOD OF UNDERTAKING IS $3.893 BILLION

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