Disclosure and reporting

Disclosure

Horizon Power has a Disclosures of Public Interest Policy that ensures that all Horizon Power personnel will be supported and protected by Horizon Power when making disclosures about corruption or other improper conduct.

Public interest disclosures help mitigate the adverse effects of corruption and other improper conduct on Horizon Power.

The principles of this policy are intended to encourage the disclosure of information in the public interest, provide protection for those who make disclosures, and provide protection for those who are the subject of a disclosure, thus protecting the assets, profitability, performance and reputation of Horizon Power.

Reporting

Horizon Power’s Strategic Development Plan (SDP) is submitted in accordance with the Electricity Corporations Act 2005 (the Act).  Under the Act, Horizon Power’s SDP must set out economic and financial objectives and operational targets for the business and detail how these will be achieved. Matters to be considered in the preparation of the SDP include competitive strategies, commercial opportunities, pricing of products, productivity levels, accountability, capital expenditure, service level agreements, supply standards and personnel requirements, in the context of the funding available to Horizon Power.

Horizon Power’s Statement of Corporate Intent (SCI) must also be completed and consistent with the SDP.  The SCI is the succinct plan for Horizon Power’s activities during the year and gives high level detail of Horizon Power’s operational, economic and financial objectives and how these will be achieved.