AEMO retain the right not to proceed and reimburse AusNet Services for costs incurred. Fundamentally, the grounds for termination are that the cost of the project is not to outweigh the economic benefits to Victorian electricity consumers.
(In my view, this is so subjective yet specific. How do they determine the economic impact to Victorian electricity consumers? Is it just the impact on electricity consumers or all Victorian’s? Factors such as loss of land values, loss of primary production, impacts on tourism, business, loss of regional appeal, all contribute to economic impact. Are AEMO going to factor all of that into the equation to determine economic benefits?)