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Commerce Commission’s WACC announcement
Commerce Commission’s WACC announcement
Auckland Airport has received the Commerce Commission’s draft report on proposed changes to the Weighted Average Cost of Capital (WACC) for the price-controlled, electricity and gas sectors.
Simon Robertson, Auckland Airport’s chief
financial officer, says, “This draft Commerce Commission
report on WACC does not directly impact Auckland
Airport.”
“The Commission is separately considering
whether it needs to make any changes to its WACC methodology
for airports, and we will continue to work with the
Commission during this review process.”
WACC is the cost of raising capital, either through debt or shares. The Commission's WACC methodology is not binding on airports, but is used by the Commission to monitor aeronautical charges. The Commission is reviewing its approach to one part of its WACC methodology following the High Court’s recent merits appeal decision and following feedback from stakeholders.
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