Vector urges regulatory change in low-interest-rate environment

Mon, 23 Sep 2019

By Victoria Young Sept. 23 (BusinessDesk) - Directors at lines company Vector are pleading for regulatory changes, claiming the low-interest-rate environment is presenting new challenges. Vector won’t give forecasts for next year or issue a dividend until the Commerce Commission gives guidance on pricing, which is expected late November. The regulator’s draft decision on default price paths in May will see Vector’s 2021 allowable revenue fall by 3 percent from the current year. Chair Alison Paterson told some 100 shareholders at it...

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