Table 111 Final decision Caps, floors and targets for 2017–2022 — Parameter Distribution Cap Target Floor Lines outage rate - fault Weibull 16.0% 25.4% 33.8% Transformers outage rate - fault Weibull 9.2% 20.3% 31.8% Reactive plant outage rate - fault Pearson5 18.4% 34.3% 61.2% Lines outage rate - forced Weibull 12.3% 15.0% 17.1% Transformer outage rate - forced Weibull 6.1% 10.4% 14.4% Reactive plant outage rate - forced Weibull 19.9% 30.9% 40.7% Average outage duration Lognormal 3.4 75.1 334.2 No. of events > 0.05 system minutes Poisson 0 2 5 No. of events > 0.30 system minutes Poisson 0 1 2 Failure of protection system Poisson 23 32 42 Material failure of SCADA Poisson 0.0 1.8 4.0 Incorrect operational isolation of primary or secondary equipment Poisson 2.0 5.6 10.0 Source: AER analysis Table 112 Final decision MIC parameter values for 2017–2022 — Parameter values - MIC (2009–2015) Performance target 1245 Unplanned outage event limit 208 Dollar per dispatch interval (1% smoothed 2017–18 MAR / $4296/DI target) Source: AER analysis Table 113 Final decision Network capability priority projects for — ($ real 2016-17) Project Target Expected Capex Opex Value completion date 1.Replace the existing Transmission interplant connections Circuit of the Hazelwood to Hazelwood 2017/18 $107,000 0 $107,000 – Jeeralang 220kV No.4 Jeeralang No. line at Hazelwood 4 power station
Table 111 Final decision — Caps, floors and targets for 2017–2022 Parameter Distribution Cap Target Floor Lines outage rate - fault Weibull 16.0% 25.4% 33.8% Transformers outage rate - fault Weibull 9.2% 20.3% 31.8% Reactive plant outage rate - fault Pearson5 18.4% 34.3% 61.2% Lines outage rate - forced Weibull 12.3% 15.0% 17.1% Transformer outage rate - forced Weibull 6.1% 10.4% 14.4% Reactive plant outage rate - forced Weibull 19.9% 30.9% 40.7% Average outage duration Lognormal 3.4 75.1 334.2 No. of events > 0.05 system minutes Poisson 0 2 5 No. of events > 0.30 system minutes Poisson 0 1 2 Failure of protection system Poisson 23 32 42 Material failure of SCADA Poisson 0.0 1.8 4.0 Incorrect operational isolation of primary or secondary equipment Poisson 2.0 5.6 10.0 Source: AER analysis Table 112 Final decision — MIC parameter values for 2017–2022 Parameter values - MIC (2009–2015) Performance target 1245 Unplanned outage event limit 208 Dollar per dispatch interval (1% smoothed 2017–18 MAR / target) $4296/DI Source: AER analysis Table 113 Final decision — Network capability priority projects for ($ real 2016-17) Project Target Expected completion date Capex Opex Value 1.Replace the existing interplant connections of the Hazelwood to Jeeralang 220kV No.4 line at Hazelwood power station Transmission Circuit Hazelwood – Jeeralang No. 4 2017/18 $107,000 0 $107,000