Commerce Commission wants to trim $300m more from Chorus investment plan

Commerce Commission wants to trim $300m more from Chorus investment plan
The Commerce Commission wants to trim $300m from Chorus investment plan - on top of the $181m reduction Chorus tabled in February. (Image: Chorus)
Jem Traylen
The Commerce Commission is proposing to cut $303 million from Chorus's total expenditure allowance for the next four years.In a draft decision, announced on Thursday, $1.59 billion would be allowed for the years 2025-2028, a reduction of 16% from what Chorus (CNU) requested.This was in addition to a $181m reduction that Chorus tabled in an amended proposal announced to the market on Feb 5.The commission’s proposed allowance consists of $815m of base capital expenditure (capex), $171m of connection capex, and $608m of operational expen...

More Law & Regulation

Auckland financial adviser faces charges for alleged 'tombstoning' scheme
Law & Regulation

Auckland financial adviser faces charges for alleged 'tombstoning' scheme

An Auckland financial adviser who allegedly received $260,937 in commission from applying for health and life insurance for non-existent people has been charged with forgery and had his licence cancelled.Le Zhou, also known as Eric, was arrested in July and is facing three repres...

ComCom taking Westpac to court over CCCFA breach
Finance

ComCom taking Westpac to court over CCCFA breach

More than 14,000 Westpac customers affected by CCCFA breach, ComCom said.

Garth Bray 25 Aug 2025
Stop raising bank capital ratios now, says competition report
Finance

Stop raising bank capital ratios now, says competition report

Select committee recommends an immediate end to increasing capital ratios. 

Pattrick Smellie 22 Aug 2025