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CPC News

REPORTS & NEWSLETTERS (The files are available to download)
2015-2016 Interim Financial Report

2016 Annual Report

2017 Annual Report

2017-2018 Interim Financial Report

Expression of Interest - CPC Purchase of Permanent Water Entitlements

2018 Annual Report

2018 Revised AGM Information


C P C

THE CREEKS PIPELINE COMPANY LIMITED

Established 2009
PO Box 99, Langhorne Creek SA 5255
Emergency: 0427 778080 - Office: 08 8537 3266 - Fax: 08 8537 3061
ACN: 133 867 197

 

CPC Water Delivery Fees for 2017/2018
 
In setting water delivery fees for the 2017/18 season, the CPC Board has reviewed the Company’s performance for the 2016/2017 financial year thus far and taken into consideration a number of factors influencing its operations and its shareholders’ interests.

The key issues in setting prices for the coming year are: -

Power Pricing Impact on Water Delivery Costs.
As mentioned at the last Annual General Meeting by our Chairman Ian Martens, CPC has experienced significant power price increases. CPC is not alone with regards to rising power prices; all power users across all areas in South Australia are experiencing significant increases in the coming year.

The full impact of the increased power charges can now, with the benefit of a further 12 months of operations, be fully quantified. In an effort to offset power costs CPC through SARMS projects has implemented processes to reduce power usage and improve system performance throughout the system. CPC will continue to explore options to provide a cost effective water delivery system that is reliable and meets the shareholder’s needs.

Asset Replacement Fund.
CPC’s infrastructure, whilst still relatively young in useful life is starting to show the impact of constant operational activity. There remains a need to ensure CPC accumulates sufficient funds for asset replacement in the future, which is crucial to the systems longevity and continued ability to operate efficiently and cost effectively to meet shareholder needs.

An independent report by IPMG has indicated CPC should aim to set aside $300,000 annually from retained earnings to provide a fund for future asset replacements and refurbishments.

With the above issues in mind, we are required to raise our “take” delivery fees by $15/ML for both Peak and Off Peak periods for the coming year, non-take fees remain unchanged. The resultant 2017/18 prices are set out in the following table together with tables of prices since commencement in 2009/10.


 
Water Delivery Fees (GST exclusive) 2017-2018 will be as tabled below.



CPC Peak take charges 2009 - 2018 are charted below.
 

 

 

CPC Off Peak take charges 2009 - 2018 are charted below




*All fees exclusive of GST*


One and One Third Flow and Volume Access
The provision of one and one third flow and volume in use for the past six irrigation seasons has allowed irrigators access to higher flows and volumes in periods of high water demand. These flexible water access conditions have proved very helpful particularly in periods of extreme heat.

CPC will endeavor to supply the expanded flows for the entire 2017/18 Peak period, however we are unable to guarantee 24 hours a day, 7 days a week access to this flow, due to potential unforeseen circumstances such as power outages and breakdowns. These expanded access conditions are reviewed on an annual basis and their availability for future seasons beyond 2017/18 cannot be guaranteed.
 
If you have any enquiries regarding these matters please do not hesitate to contact me on 08 8537 3266.
 
Regards

Mike Reynolds
General Manager
The Creeks Pipeline Company Ltd


 

 

 

The Creeks Pipeline Company Ltd - 1507 Langhorne Creek Road LANGHORNE CREEK