Regulatory regime clashes with investment demands: Vector

Thu, 27 Aug 2020

Vector is still grumbling about the regulatory regime that will cut its income stream over the next five years at a time when a growing Auckland city needs the network company to ramp up investment. The company’s gross capital spending increased by 15 percent to $488.7 million in the 12 months ended June 30 from a year earlier, of which spending on its regulated Auckland network was up 21.5 percent at $317.1 million. Vector forecasts about $2.88 billion of capital spending over the coming decade to cater to the city’s expanding populatio...

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