The Australian Competition and Consumer Commission has consented to orders in the Federal Court that the remaining parts of its appeal against the Australian Competition Tribunal's 2005 decision on the Moomba to Sydney Pipeline Access Arrangement be dismissed.
The ACCC has agreed to the payment of costs of $370,000 to EAPL the pipeline owner.
"The ACCC accepted the judgment of the High Court in September on the approach to be taken when valuing pipelines that were constructed before the commencement of the Gas Code in 1998," ACCC Chairman, Mr Graeme Samuel, said today. "While some technical issues concerning valuation methodologies remain unresolved, these will be better settled between the AER and pipeline operators than being settled through further litigation of this matter."