On 28 October 2010, we approved the updated parameter estimates, which resulted in a WACC of 9.86% (down from the estimate of 10.31% in our decision) and a reference tariff of $2.77 per tonne to apply to the terminal assets as at 1 January 2011.
On 22 October 2010, DBCT Management sought approval for an updated risk-free rate and debt margin, in accordance with our decision.
On 31 August 2010, we notified stakeholders about our intention to proceed directly to a final decision on the 2010 DAU, without first issuing a draft decision. No stakeholders objected to this.
Given this, on 23 September 2010 in accordance with s. 134 of the Queensland Competition Authority Act 1997, we made a final decision to approve the 2010 DAU.
On 23 March 2010, we published DBCT Management’s 2010 DAU and invited submissions from stakeholders and interested parties on any aspect of the DAU by 29 April 2010.
On the receipt of the 2010 DAU, the DBCT User Group indicated its support for the 2010 DAU as a negotiated package of arrangements that was supported by its members, although it left open the option for coal companies to make submissions on aspects of the 2010 DAU.
No submissions were received.
In late 2009, with the 2006 access undertaking due to expire, we issued DBCT Management with an initial undertaking notice requiring it to submit a replacement draft access undertaking by 22 March 2010.
An evolution of the 2006 access undertaking, the new undertaking sets out the terms and conditions under which DBCT Management propose to provide access to the coal handling services at their terminal.
On 22 December 2009, we issued DBCT Management with an initial undertaking notice requiring it to submit a replacement draft access undertaking for the Dalrymple Bay Coal Terminal by 22 March 2010.
On 19 March 2010, we received a draft access undertaking (2010 DAU) for the coal handing services at the Dalrymple Bay Coal Terminal from DBCT Management.
The 2010 DAU set out the new terms and conditions under which DBCT Management proposed to provide access to the coal handling services at the Dalrymple Bay Coal Terminal covered by the undertaking once the current access undertaking expires.