Vector goes to highest court on pricing regulation

Fri, 29 Jun 2012

By Pattrick Smellie June 29 (BusinessDesk) - Vector will take its fight against the Commerce Commission's approach to regulating monopoly electricity and gas pricing to the Supreme Court, after losing in the Court of Appeal in a dispute about the factors required for calculating the starting prices used in calculating permissible rates of return. Vector initially won the argument in the High Court that process for setting so-called "starting prices" should be included in the "final input methodologies" that used in determining what prices Vec...

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