Aurora increases network spending plan by $42M

Tue, 02 Apr 2019

By Gavin Evans April 2 (BusinessDesk) - Aurora Energy has increased its 10-year spending plans by more than $42 million following an independent review of the state of its networks. The company, which distributes electricity in Dunedin, Queenstown and Central Otago, expects to spend close to $791 million on those assets through to 2029, up from the $748.8 million it signalled in October. The firm’s 2017 asset management plan had projected a 10-year spend of $719 million. Aurora, owned by Dunedin City Council, restructured its business...

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