Transpower seeks massive increase in spending

The proposal sets out up to $4.7 billion of spending from 2025 to 2030.

Tue, 21 Nov 2023

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...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets Market Close

NZX 50 locks in 1.22% gain on high volumes

Restaurant Brands gained over 65% after a takeover notice.

Gregor Thompson 5:58pm

Retail

Finaccess bids to bucket KFC-owner Restaurant Brands

Finaccess Restauración wants the rest of the shares at $5.05 apiece.

Gregor Thompson 10:00am

Finaccess bids to bucket KFC-owner Restaurant Brands

Markets

ComCom gives provisional nod to Huntly deal

It comes on the eve of Govt decisions on the electricity market.

Ian Llewellyn 10:00am

ComCom gives provisional nod to Huntly deal

Sponsored

The double edge of AI in cyber security

Artificial intelligence has the potential to become both a lifeline and a liability for modern organisations, as a revolutionary tool capable of spotting threats at lightning speed, but also the ultimate weapon in the hands of cybercriminals.

Spark

Sponsored

AI agents: opportunity or graveyard? Spark’s five-point playbook for success

Artificial intelligence agents – autonomous digital entities that analyse data, automate decisions, and act independently – are set to drive a new wave of business transformation.

Spark Enterprise