Manawa Energy notes High Court’s ruling on TPM Guidelines

Manawa Energy (NZX: MNW) notes the High Court’s decision has now been released on the judicial review it sought regarding the Electricity Authority’s (the Authority) decision to replace the Transmission Pricing Methodology (TPM) Guidelines in 2020.
The High Court has found that the Authority was entitled to adopt its preferred methodology as the required threshold for a successful judicial review action was not met.
Manawa Energy is disappointed but stands by its decision to seek the judicial review, as while there was a high threshold to meet for a successful judicial review, the economy-wide repercussions of the changes warranted rigorous assessment.

The full judgement will be publicly released later today.

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