ComCom confirms reduced rates of return for network monopolies

Wed, 29 Oct 2014

By Pattrick Smellie Oct. 30 (BusinessDesk) - The Commerce Commission has confirmed it is reducing the allowable rate of return on capital for regulated electricity and gas network monopolies in a move that Auckland network owner Vector says will place "further pressure on our ability to invest in network growth." The decision concludes a long-running stoush between the competition regulator and network companies, led by Vector, that included the first judicial "merits review" under the Commerce Act, which recommended a cut the weighted av...

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