Regulatory curbs limit excessive profits from lines company

Tue, 07 Jun 2016

By Paul McBeth June 8 (BusinessDesk) - The Commerce Commission is hailing the success of revenue limits in curbing excessive profits at electricity lines companies, although Auckland's Vector and Wellington Electricity were among five distribution firms showing a material deterioration in network reliability. Returns for the 16 companies subject to price-quality regulation ranged from 5.33 percent for The Lines Company to 8.37 percent for Network Tasman between 2012 and 2015, with the majority falling within one percentage point of the r...

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