APA Group Welcomes Australian Energy Regulator Decision on Basslink Revenue Proposal

MT Newswires Live

02/27

APA Group (ASX:APA) welcomed the Australian Energy Regulator's final decision on its Basslink revenue proposal, securing total revenue of AU$459.5 million for four years from July 1 to June 30, 2030, according to a Friday filing with the Australian bourse.

The decision allows the company to cease trading Basslink as a market services network provider on June 30, with the asset to operate as a regulated transmission network services provider on July 1, the filing said.

The company lodged its initial revenue proposal in September 2023, per the filing.

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