Territory Stories

Annual Report 2021–2022, Power and Water Corporation



Annual Report 2021–2022, Power and Water Corporation

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Tabled Paper 708


Tabled Papers for 14th Assembly 2020 -; Tabled Papers; ParliamentNT




Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.




Tabled papers

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Legislative Assembly of the Northern Territory

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Legislative Assembly of the Northern Territory



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50 2021-22 Strategic Programs Strategic Pillar Achievement Living within our means Big Rock: Cost Prudency Embed Project Prioritisation Framework and Project Governance Developed an Enterprise Project Management Office Maturity Plan 2022-24. Implementation will commence in 2022-23. Investment Prioritisation Procedure drafted and under consideration. Embed Financial Controls for Budget Repair Program Finance business partnering model established. The model will be embedded and matured throughout 2022-23. Cost Control/Reduction Program Capitalisation of overhead expenditure implemented in May 2022. Revised Delegation of Authority process developed and approved in June 2022. Apportionment of loans across business functions has been completed using capital expenditure as a driver for borrowings as the allocation method. Developed clear guidelines for use of professional services. Big Rock: Optimise Revenue Indigenous Essential Services Reform 2022-23 Asset Replacement Program approved, as well as certain elements of the Annual Purchasing Plan (energy, gas, repairs and maintenance). Indigenous Essential Services Agreement extended by 12 months to formalise the 2022-23 opex and capex budgets and ensure continuity of service. Gas Book Optimisation Worked with the Northern Territory Government to remove Australian Energy Regulator regulations that imposed constraints limiting the ability of large LNG producers to trade freely with local gas companies such as Power and Water. Uplift Core Service Revenue Work commenced on a water and sewage funding submission to the Northern Territory Government Department of Treasury and Finance. The submission is critical to establishing industrial and agricultural tariffs ahead of the Manton Dams return to service. Transition to renewables and Northern Territory electricity market reform cost recovery project commenced and will build a preliminary set of actual and forecast expenditure for the Northern Territory Electricity System and Market Operator functions, which will form the basis of our 2024-29 Regulatory Proposal.

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