
Commerce Commission cuts rate of return for monopoly electricity networks
By Pattrick Smellie Dec. 20 (BusinessDesk) - The Commerce Commission has cut the rate of return that local electricity lines networks and national grid owner Transpower can charge in its latest decisions on monopoly network pricing. The decisions affect electricity and gas...

New PM delivers cautious Cabinet reshuffle
By Pattrick Smellie Dec. 18 (BusinessDesk) - Newly appointed Prime Minister Bill English unveiled a cautious Cabinet reshuffle, leaving in place several Ministers who are either retiring at the 2017 election or whose questionable performance had led to speculation they would l...

Vector comes out swinging at latest grid pricing proposals
By Pattrick Smellie Dec. 16 (BusinessDesk) - Auckland's electricity network owner Vector has come out swinging at the Electricity Authority's latest proposals to shift the cost of the national grid to those areas benefitting most from investment in upgrades, saying the revampe...

Labour reshuffle gives Little 'new economy', promotes Nash as his innovation side-kick
By Pattrick Smellie Dec. 16 (BusinessDesk) - Labour Party leader Andrew Little has announced a minor shadow Cabinet reshuffle, giving himself a new portfolio - 'New Economy' - and putting his sometime critic Stuart Nash into a supporting role as spokesman on innovation, scienc...