Regulator takes its time on gas meter sale to Vector

Wed, 09 Jan 2013

By Pattrick Smellie Jan 10 (BusinessDesk) - The Commerce Commission has given itself an extra two months to consider competition issues raised by Vector's proposed purchase of Contact Energy's gas metering business, following submissions claiming the move will create a "virtual monopoly" in gas metering in Auckland. While Vector's application for clearance of the purchase by the competition watchdog attracted only two submissions, the commission has extended its original decision date of Dec. 21 last year to Feb. 22 "to allow further detailed...

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