Table 2.11 AER’s final decision cash flow analysis for ElectraNet's benchmark equity raising costs ($ million, nominal) Cash flow Total Notes analysis Set to distribute imputation credits Dividends 195.6 assumed in the PTRM (100 per cent). Availability of reinvested Dividends dividends, 58.7 reinvested capped at 30% dividends paid. Forecast capex funding funding requirement 736.6 requirement (including half year WACC adjustment). Set to 60% of Debt annual 330.2 component change in RAB. Residual of capex Equity funding 406.4 component requirement and debt component. Retained Exclude cash flow dividends 367.6 available for reinvested. reinvestment Equals equity Equity component 38.8 required less retained cash flows. Source: AER analysis.
Table 2.11 AER’s final decision cash flow analysis for ElectraNet's benchmark equity raising costs ($ million, nominal) Cash flow analysis Total Notes Dividends 195.6 Set to distribute imputation credits assumed in the PTRM (100 per cent). Dividends reinvested 58.7 Availability of reinvested dividends, capped at 30% dividends paid. funding requirement 736.6 Forecast capex funding requirement (including half year WACC adjustment). Debt component 330.2 Set to 60% of annual change in RAB. Equity component 406.4 Residual of capex funding requirement and debt component. Retained cash flow available for reinvestment 367.6 Exclude dividends reinvested. Equity required 38.8 Equals equity component less retained cash flows. Source: AER analysis.
AER%20-%20final%20decision%20for%20ElectraNet%27s%202013-18%20regulatory%20control%20period%20-%2030%20April%202013_0.DOCX