Auckland's fifth major outage since 1998

Mon, 06 Oct 2014

By Fiona Rotherham Oct. 6 (BusinessDesk) - The latest major power cut in Auckland is the fifth to hit the region since 1998. The biggest was the six-week Mercury power outage in 1998 that involved the failure of four power cables due to overheating. It had an estimated long-term economic impact equivalent to 0.1 to 0.3 per cent of New Zealand's gross domestic product and over half of businesses within the central business district were forced to move out at least temporarily. Then in June 2006, a failure in a couple of shackles at th...

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