TICCS® 2020 change log

_{Document: The Infrastructure Company Classification Standard}

_{Document version: TICCS 2018.10}

_{Change no.}

_{Location of change}

_Current

_{Description of change}

_I/c

_{Date submitted}

_{Date approved}

_Status

_TICCS001

_{TICCS Overview}

_{Information entailed below:}

_{TICCS, A Standard for the Industry}

_{TICCS, Structure and Methodology}

_{Key Features of TICCS}

_{The TICCS Comparative Advantage}

_{Inclusion of TICCS definition “What is TICCS?”}

_TW

_JL

_{26 Feb 2020}

_{28 Feb 2020}

_Approved

_TICCS002

_{Defining Infrastructure}

_{Definitions and perspectives by various parties (i.e. OECD, World Bank and EIOPA)}

_{Defining how infrastructure cascaded into the four pillars.}

_{Inclusion of fundamental economic criteria (Single-use investment, sunk or irreversible capital investment, large size requiring a long repayment period, high operating leverage, infrastructure as a service and not a store of value)}

_TW

_JL

_{26 Feb 2020}

_{28 Feb 2020}

_Approved

_TICCS003

_{Pillar 1: Business Risk}

_{BR10 – Fully contracted income}

_{Availability-based infrastructure or project}

_{Take-or-pay off-take agreement}

_{Feed-in tariff}

_{Capacity agreements}

_{Renewable obligation certificates}

_{Large-scale generation certificates (LGCs) and small-scale technology certificates (STCs) BR11 – Partially contracted income}

_{BR11 – Partially-contracted income}

_{Shadow tolling arrangements}

_{Partial capacity agreements}

_{Partial power purchase agreements}

_{Tolling agreements}

_{Reclassification of synonyms}

_{BR10 – Fully contracted income}

_{· Availability-based infrastructure or project}

_{· Take-or-pay off-take agreement}

_{· Capacity agreements}

_{·  Tolling agreements}

_{· Large-scale generation certificates (LGCs) and small-scale technology certificates (STCs) BR11 – Partially contracted income}

_{BR11 – Partially-contracted income}

_{· Shadow tolling arrangements}

_{· Partial capacity agreements}

_{· Partial power purchase agreements}

_{· Feed-in tariff}

_TW

_JL

_{26 Feb 2020}

_{28 Feb 2020}

_Approved

_TICCS004

_{Pillar 2: Industrial Activities and Assets}

_{8 Industrial Superclass}

_{32 Industrial Class}

_{85 Industrial Asset Subclass}

_Subclasses

_{Solid Waste Treatment (IC2010)}

_{Water Treatment (IC2020)}

_{Pipeline Companies (IC4010)}

_{Inclusion of further classes and subclasses}

_{8 Industrial Superclass}

_{33 Industrial Class}

_{95 Industrial Asset Subclass}

_{Renaming of subclasses}

_{Waste treatment (IC2010)}

_{Water Supply and Treatment (IC2020)}

_{Natural Resources Transportation Companies (IC4010)}

_TW

_JL

_{26 Feb 2020}

_{28 Feb 2020}

_Approved

_TICCS005

_{Pillar 4: Corporate Governance}

_{CG10 – Monitored project companies}

_{CG11 – Unmonitored project companies}

_{CG20 – Monitored infrastructure corporates}

_{CG21 – Unmonitored infrastructure corporates}

_{CG10 – With creditor oversight project companies: Infrastructure project companies with presence of external senior debt}

_{CG11 – Without creditor oversight project companies: Infrastructure project companies without presence of external senior debt}

_{Removed CG20 and CG21}

_TW

_JL

_{26 Feb 2020}

_{28 Feb 2020}

_Approved

_TICCS006

_{Implementation Guidelines}

_{Implementations guidelines to the four pillars are absent.}

_{Inclusion of TICCS 2020 Implementation Guidelines}

_TW

_JL

_{26 Feb 2020}

_{28 Feb 2020}

_Approved