Northern Territory Treasury annual report 2005-2006
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Northern Territory. Dept. of the Treasury -- Periodicals; Finance, Public -- Northern Territory -- Periodicals; Northern Territory -- Appropriations and expenditures -- Periodicals
Northern Territory Treasury
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15Performance Reporting Energy Supply Treasury has been a key specialist participant in all aspects of the ongoing and future supply of gas to the Territory, especially in relation to development of gas as an energy source for electricity generation. This includes assisting in the resolution of matters relating to the existing long-term contracts for supply of gas from the Amadeus Basin and participating in negotiations with current and prospective suppliers of gas and with pipeline companies. Review of Electricity Supply Industry Regulatory Framework The current electricity regulatory framework has been in place for over five years and a review to assess its effectiveness commenced in 2005. The first stage of the review identified a number of structural barriers to competition in the electricity supply industry. Options for reform are currently being examined in consultation with the Utilities Commission and the Territorys sole supplier, the Power and Water Corporation. Financial Management Frameworks for Government Owned Corporations The Power and Water Corporation continued to be the Territorys only government owned corporation (GOC) in 2005-06. As part of its responsibility for management of the GOC framework, Treasury: negotiated Power and Waters Statement of Corporate Intent on behalf of the shareholding Minister; advised the shareholding Minister on Power and Waters financial and non-financial performance and other GOC-related matters; and coordinated the recruitment of two new board directors in consultation with the Chair of the Power and Water Board.