Vector chiefs rip into electricity regulators

Thu, 18 Oct 2012

By Pattrick Smellie Oct. 18 (BusinessDesk) - The chairman and chief executive of Vector have both slammed the performance of its two regulators: the Commerce Commission and the Electricity Authority. Chairman Michael Stiassny used the network operator's annual meeting in Auckland to accuse the commission, which administers competition policy, of imposing price cuts on Vector using a flawed methodology that risks undermining investment in critical public infrastructure. "Price cuts as the commission is suggesting, if sustained over the long t...

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