Vector fined $3.6 mln in industry first

Fri, 22 Mar 2019

By Gavin Evans March 22 (BusinessDesk) - Vector, the country’s biggest electricity distributor, has been fined almost $3.6 million for breaching its reliability standards in the 2015 and 2016 financial years. The firm, which also operates gas pipelines and telecommunication services in Auckland, could have faced total fines of $10 million and agreed a settlement with the Commerce Commission in October. The fine is the first imposed since the regime took effect in 2009 and was set by High Court Justice Ailsa Duffy today. “These were ser...

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