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CPC Revised Constitution - effective 20 November 2018 

2019 Annual Report

2020 Half yearly Financials




 


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 2021/2022
In setting water delivery fees for the 2021/22 season, the CPC Board has reviewed the Company’s performance for the 2020/2021 financial year 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.
CPC’s current power supply contract runs to 31/12/24. The annual rates slightly decrease each calendar year, a favorable trend we hope we will be able to continue beyond the current contract.

Asset Replacement Fund.
CPC’s infrastructure, whilst still relatively early in its 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 system’s longevity and continued ability to operate efficiently and cost effectively to meet shareholder needs.

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

Water Delivery Fees (GST exclusive) for 2021-2022.
Taking all relevant factors into consideration the CPC Board has decided to reduce Peak non-take fee by $8ML to $120/ML and that all other water delivery pricing shall remain unchanged from the current year.
The 2021/22 fees are set out in the following table together with graphs showing historical water delivery fees since commencement in 2009.

CPC Water Delivery Fees for 2021/2022
In setting water delivery fees for the 2021/22 season, the CPC Board has reviewed the Company’s performance for the 2020/2021 financial year 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.
CPC’s current power supply contract runs to 31/12/24. The annual rates slightly decrease each calendar year, a favorable trend we hope we will be able to continue beyond the current contract.

Asset Replacement Fund.
CPC’s infrastructure, whilst still relatively early in its 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 system’s longevity and continued ability to operate efficiently and cost effectively to meet shareholder needs.

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

Water Delivery Fees (GST exclusive) for 2021-2022.
Taking all relevant factors into consideration the CPC Board has decided to reduce Peak non-take fee by $8ML to $120/ML and that all other water delivery pricing shall remain unchanged from the current year.

The 2021/22 fees are set out in the following table together with graphs showing historical water delivery fees since commencement in 2009.
 



CPC Peak take charges 2009 - 2022 are charted below.

 

CPC Off Peak take charges 2009 - 2022 are charted below


*All fees exclusive of GST*


General
CPC customers should keep in mind that whilst we chlorinate at various times during the year to maintain a clean piping infrastructure, water delivered is Non-Potable and therefore is not suitable for human consumption.

Customers are also reminded that their water taken through CPC pipeline is reported to the Department for Environment and Water on a quarterly basis now, please ensure you have enough entitlement on your Water License to cover your quarterly water take. If customers are unsure of your total water use you are also encouraged to contact the office directly.

If you have any enquiries regarding these or other matters, please do not hesitate to contact the CPC office during office hours 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