Transpower sees no risk to credit metrics from incentive change

Mon, 22 Jul 2019

By Gavin Evans July 22 (BusinessDesk) - National grid operator Transpower says a further reduction signalled for its revenue during the next five-year regulatory period should not affect its key credit metrics. The state-owned company today told investors that a draft decision by the Commerce Commission on the rolling incentive scheme Transpower works to could reduce its revenue by about $22 million a year from July 2020. That risk had not been included in the statement of corporate intent – SCI – the firm published earlier this month....

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