Rio Tinto Aluminium Limited & Ors - Minor Variation - A91205 - A91207

Summary

Rio Tinto Aluminium Limited, as manager of the Gladstone Power Station Joint Venture, sought authorisation on behalf of itself and participants in the Gladstone Power Station Joint Venture for arrangements under amended agreements in relation to electricity generated by the Gladstone Power Station and supplied to the Boyne Island Aluminium Smelter and the National Electricity Market. On 2 June 2010, conditional authorisation was granted until 29 March 2029.

Earlier agreements relating to the Gladstone Power Station were previously authorised by the ACCC in 1994. The applicants amended the Gladstone Power Station Agreements to accommodate certain changes to commercial arrangements which occurred against the background of the introduction and operation of the National Electricity Market.

On 1 July 2011, Rio Tinto Aluminium Limited submitted an application for minor variation to the authorisation on behalf of itself and the Gladstone Power Station Joint Venture participants. The application seeks authorisation for further amendments to Schedule 16 of the Restated Interconnection and Power Pooling Agreement which sets out the definitions and rules (including formulae) which are used to calculate energy volumes and sums of money payable under the agreement. The applicant submits that the further amendments correct and clarify the operation of certain definitions and formulae as a result of anomalies and discrepancies which became apparent in the course of implementing the Interconnection and Power Pooling Agreement as authorised in 2010. The applicant also submits that the nature of the amendments are such that there is no change to the conduct previously authorised by the ACCC.

Applicant(s)

  • GPS Energy Pty Limited
  • GPS Power Pty Limited
  • Rio Tinto Aluminium Limited
  • Ryowa II GPS Pty Limited
  • SLMA. GPS Pty Ltd
  • Sunshine State Power (No. 2) B.V
  • Sunshine State Power B.V
  • YKK GPS (Queensland) Pty Limited

Authorisation number(s)

  • A91205
  • A91206
  • A91207

Applications

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Decisions

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