What we do

ACTEW Corporation (ACTEW) supplies energy and water, promotes and manages the use of energy and water, and provides sewerage and communication services to the ACT and surrounding region.

Our priorities for 2010/2011 include:

Water

  • Complete construction of the Enlarged Cotter Dam and Murrumbidgee to Googong Water Transfer projects.
  • Contribute to the review being undertaken by the ACT Government of Think water, act water.
  • Continue to advise and work with the ACT Government to achieve an appropriate sustainable diversion limit in the Murray Darling Basin Plan for the ACT.
  • Assist the ACT Government finalise the intergovernmental agreement on water trading between the ACT and NSW and finalise the commercial agreement between ACTEW and Snowy Hydro Limited for the Tantangara Transfer project.
  • Complete a review of water restrictions and conservations measures and present findings to the ACT Government.

Sewerage

  • Implement recommendations of the Canberra Sewerage Strategy 2010-2060 including the development of strategic plans for Fyshwick Sewerage Treatment Plant and Lower Molonglo Water Quality Control Centre.
  • Work with the ACT Government to review effluent reuse targets as part of the review of Think water, act water.
  • Develop the trade waste policy to refine pricing and identify customer impacts.

Environment

  • Continue the development of strategies to address new environmental legislative requirements and a greenhouse gas abatement strategy for the water business.
  • Develop environmental priorities and implement annual reporting for the water and sewerage business.
  • Continue implementation of ecological monitoring and protection programs for endangered or threatened aquatic and flora species in the catchments, particularly for the water security projects.

Investments

  • Continue to actively manage our 50% ownership of ActewAGL with a particular focus on energy matters emerging in a competitive market.
  • Contribute to the strategic management of TransACT through representation on the Board.
  • Maintain partner relationships with AGL Energy Limited and Jemena Limited for the ongoing strong performance and reputation of ActewAGL.

Financial

  • Achieve earnings before interest and tax (EBIT) of $203m and declare a dividend from 2011-12 profits of $88.8m.
  • Maintain liquidity levels through borrowings to fund capital expenditure projects and dividend payments while maintaining an acceptable level of gearing.
  • Continue development of the 2013-18 pricing submission to the Independent Competition and Regulatory Commission.

Corporate

  • Work with ActewAGL to engender accountability and commitment at all levels for a safe working environment.
  • Return an enhanced Cotter Precinct to the community following completion of the Enlarged Cotter Dam.
  • Implement new workers’ compensation arrangements that are relevant to our structure and business, and are fair and equitable.
  • Continue management of ACTEW’s strategic and operational risk profile.