Transpower says regulatory changes to hit future revenue, profits

Fri, 14 Nov 2014

By Tina Morrison Nov. 14 (BusinessDesk) - Transpower, the state-owned operator of the national electricity grid, cut its expectations for profit in the coming six years after it reduced its revenue forecasts following regulatory decisions. Revenue for the fourth quarter of the company's 2015 financial year is expected to be $19 million below that implied in its 2014/15 Statement of Corporate Intent, and be at least $75 million a year below expectations in subsequent years, the Wellington-based company said in a statement. The company didn...

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