Opposition power proposals threaten Telecom-style shake-up, says AMP Capital

Tue, 23 Apr 2013

By Paul McBeth April 23 (BusinessDesk) - AMP Capital Investors (New Zealand) has yet to establish its response to the Opposition political parties' plans to overhaul the electricity market, but says it could destroy shareholder value in the way Labour did to Telecom in 2006. The Labour and Green parties last week unveiled plans to introduce a central buying agent and regulator for wholesale electricity if it wins next year's election, spooking power company investors and prompting the government to put out an update on the risks to its initia...

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