Multinet Gas Says Ruling Will Allow Better Returns
This article is for subscribers only.
Multinet Gas, a natural gas distributor in Australia's Victoria state, said a regulator's ruling on the charges it can levy on its network allows ``substantially better'' returns than proposed in a draft.
The tariffs will take effect on July 1, rather than Jan. 1, 2008 as earlier anticipated, because of the delay in handing down the ruling, Peter Barry, chief executive of DUET Group, which owns 79.9 percent of Multinet, said today on a conference call with analysts and reporters.