Transpower seeks massive increase in spending

Transpower seeks massive increase in spending
The proposal sets out up to $4.7 billion of spending from 2025 to 2030.
Ian Llewellyn
Transpower is asking its regulator to approve an almost 40% increase in revenue to cover increased capital expenditure and operating spending to maintain and upgrade the national electricity grid. If approved, the plan would increase household bills by about $7 a month.The state-owned enterprise runs the grid, which takes power from generators to lines companies and other customers.Every five years, it has to ask the Commerce Commission for approval for most of its spending and revenue, with the next regulated period beginning in April 202...

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