Transpower plans approved by ComCom as higher profits reported

(Image: Transpower)

Wed, 28 Feb 2024

The Commerce Commission has approved Transpower’s proposed $392.9 million investment in the national grid. Known as the Net-Zero Grid Pathways Phase One (NZGP1), the plans include a $103m investment in the Cook Strait undersea link, which connects the national grid between the North and South Islands, as well as upgrading existing lines in the central North Island and Wairakei. The commission agreed it would be in the long-term interests of New Zealand consumers to strengthen the electricity system over the next decade in the ar...

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