49.3  No Double Counting

There shall be no double counting in calculating the amount due to the Authority pursuant to clause 49.1, in particular the calculation of Revenue Sharing Equity IRR shall specifically exclude:

(a)  any amounts received by the Service Provider in respect of third party income and shared with the Authority pursuant to clause 49.4;

(b)  [the Service Provider's share of any savings in Electricity Costs generated under [the Payment Mechanism] [Schedule 9 (Electricity Procurement)];]32

(c)  the Service Provider's share of any savings generated by a Connections Review under Schedule 13 (Original Non-Contestable Works);

(d)  the Service Provider's share of any savings generated following a Service Provider Change pursuant to the Change Protocol,

and the Authority agrees and acknowledges that, subject to it receiving its share of any Refinancing Gain in accordance with Schedule 23 (Refinancing), it shall have no entitlement under clause 49.4 in respect of a Refinancing.

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32  To be amended to reflect relevant project specific provisions governing electricity.