transgrid easement compensation · 2015-11-06 · valuation of this impact and any private...

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www.transgrid.com.au TransGrid’s Roles and Responsibilities Under the Energy Services Corporations Act 1995, and maintaining the electricity transmission network in NSW in order to promote efficient, safe, reliable and environmentally responsible production and use of electricity. To meet this obligation, TransGrid undertakes regular forecasting of electricity demand to determine which parts of the electricity transmission system require upgrades, replacement or extensions. What is an easement? An easement establishes a ‘right of way’, to ensure TransGrid staff can access the infrastructure for routine inspections, repairs, or in the case of an emergency. The establishment of an easement also restricts certain activities on the land that could endanger members of the public or impact on the safe operation of TransGrid’s infrastructure. Easement Compensation When TransGrid acquires an easement on private property the landholder is entitled to compensation under the Land Acquisition (Just Terms Compensation) Act 1991. TransGrid undertakes to compensate each landholder with a monetary amount which fairly reflects the overall impact TransGrid owns and operates the major high voltage electricity transmission network in NSW and the ACT, connecting generators, distributors and major end users. Our core role is to connect electricity consumers to a safe, secure and reliable network through efficient maintenance, proficient operation of assets and prudent investment. For your information The following information provides a general guide to easement compensation. TransGrid’s compensation process is undertaken on a case by case basis. Landowners are encouraged to contact TransGrid to verify information provided in this brochure, or if they have any queries regarding easement compensation. TransGrid Easement Compensation which the easement will have on their property. Many factors are considered when assessing compensation, so it is likely that the amount paid to each landholder will vary accordingly. How is compensation determined? When the location of an easement is established, TransGrid will employ an independent registered property Valuer to carry out a detailed current land valuation in order to determine the amount of compensation payable to the landholder. A variety of factors are considered by the Valuer when making compensation assessments. After the Valuer submits the valuation and compensation assessment, TransGrid will make the landowner a formal offer. For more information on how compensation is determined, please refer to the Land Acquisition (Just Terms Compensation) Act 1991. For more detailed information on easements please refer to TransGrid’s Easement Guide at www.transgrid.com.au

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Page 1: TransGrid Easement Compensation · 2015-11-06 · valuation of this impact and any private valuation arranged by the landholder. If a compensation agreement with the landholder cannot

www.transgrid.com.au

TransGrid’s Roles and ResponsibilitiesUnder the Energy Services Corporations Act 1995, and maintaining the electricity transmission network in NSW in order to promote efficient, safe, reliable and environmentally responsible production and use of electricity. To meet this obligation, TransGrid undertakes regular forecasting of electricity demand to determine which parts of the electricity transmission system require upgrades, replacement or extensions.

What is an easement?An easement establishes a ‘right of way’, to ensure TransGrid staff can access the infrastructure for routine inspections, repairs, or in the case of an emergency.

The establishment of an easement also restricts certain activities on the land that could endanger members of the public or impact on the safe operation of TransGrid’s infrastructure.

Easement CompensationWhen TransGrid acquires an easement on private property the landholder is entitled to compensation under the Land Acquisition (Just Terms Compensation) Act 1991.

TransGrid undertakes to compensate each landholder with a monetary amount which fairly reflects the overall impact

TransGrid owns and operates the major high voltage electricity transmission network in NSW and the ACT, connecting generators, distributors and major end users. Our core role is to connect electricity consumers to a safe, secure and reliable network through efficient maintenance, proficient operation of assets and prudent investment.

For your informationThe following information provides a general guide to easement compensation. TransGrid’s compensation process is undertaken on a case by case basis. Landowners are encouraged to contact TransGrid to verify information provided in this brochure, or if they have any queries regarding easement compensation.

TransGrid Easement Compensation

which the easement will have on their property. Many factors are considered when assessing compensation, so it is likely that the amount paid to each landholder will vary accordingly.

How is compensation determined?When the location of an easement is established, TransGrid will employ an independent registered property Valuer to carry out a detailed current land valuation in order to determine the amount of compensation payable to the landholder. A variety of factors are considered by the Valuer when making compensation assessments.

After the Valuer submits the valuation and compensation assessment, TransGrid will make the landowner a formal offer.

For more information on how compensation is determined, please refer to the Land Acquisition (Just Terms Compensation) Act 1991.

For more detailed information on easements please refer to TransGrid’s Easement Guide at www.transgrid.com.au

Page 2: TransGrid Easement Compensation · 2015-11-06 · valuation of this impact and any private valuation arranged by the landholder. If a compensation agreement with the landholder cannot

GENERATION

DISTRIBUTION

COMMERCIAL & INDUSTRIAL CONSUMERS

RESIDENTIALCONSUMERS

DIRECT CONNECTCUSTOMERS

TRANSMISSION

TransmissionSubstation

TransmissionSubstation

Gas and Coal Fired Powerplant

Solar Farm Hydro PowerplantWind Farm

DistributionSubstation

If you would like to know more about the easement compensation process please visit our website. Postal

PO BOX A1000, Sydney South NSW 1235 Phone 1800 222 537Web www.transgrid.com.au

TransGrid Easement Compensation

Where TransGrid fits in the electricity delivery process.TransGrid is the vital link between the generators of electricity and the distributors of electricity

If the landowner has obtained a private assessment of compensation for the easement over their property, the valuations by both parties will be reviewed to assist the negotiation process.

The negotiation will consider the impact of the easement and construction works on the landholder’s property, TransGrid’s valuation of this impact and any private valuation arranged by the landholder.

If a compensation agreement with the landholder cannot be reached after a reasonable period of time, TransGrid may consider beginning the process of compulsorily acquiring the easement.

In such cases, the amount of compensation is determined independently by the NSW Valuer General.

Can I seek my own advice?TransGrid encourages landowners to seek independent valuation and legal advice when considering their offer of compensation.

Certain costs reasonably incurred by the landowner as a result of the easement acquisition process, such as legal costs or valuation fees, will be reimbursed by TransGrid in addition to the agreed compensation payment.

Compensation NegotiationsIn accordance with the Land Acquisition (Just Terms Compensation) Act 1991, TransGrid seeks to obtain easements through private treaty negotiations with the landowner.

www.transgrid.com.au

When is compensation paid?Compensation will be paid to the landholder once the easement is registered on the Land Title and any other legal requirements have been met.