ComCom takes issue with Vector on regulated rates of return

Thu, 29 Nov 2012

By Pattrick Smellie Nov. 30 (BusinessDesk) - The Commerce Commission says Auckland electricity network monopoly Vector is wrong to claim it is being subjected to regulated costs of capital higher than its Australian counterparts. Vector has repeatedly made the argument in its protracted argument with the competition regulator, saying Vector faces greater business risks than Australian networks and should be reflected in a higher weighted average cost of capital when regulated prices are being set. Instead, Vector says it faces an 8.77 percen...

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